The Future of Accounts Payable: Trends, Automation, and What Lies Ahead

In today’s fast-paced business world, accounts payable (AP) is evolving rapidly. No longer just a back-office function, AP is now central to financial strategy, efficiency, and cash flow management. With technological advancements and the increasing adoption of accounts payable automation, businesses are rethinking how they handle their payment processes. But what does the future of […]

What is a Trial Balance and Why is it Prepared?

The Accounting cycle involves several records and statements, the most prominent among them being accounting journals, ledger accounts, bank reconciliation statements, trial balances, income statements, balance sheets, and cash flow statements. Each statement has a prominent purpose; this article explains the purpose and elements of a Trial Balance.   Contents of the Article What is […]

5 Essential Finance Tips For Small Business Owner

As a business owner, managing your finances is one of the most critical tasks for long-term success. However, financial management can often feel overwhelming, especially when juggling multiple responsibilities. The good news? With the right financial advice, you can keep your business financially healthy and focus on growing it. Here, we will uncover the finance […]

What Are Money Purchase Pension Plans (MPPPs)? Understanding Funding Rules and Benefits

Money Purchase Pension Plans (MPPPs) are employer-sponsored retirement plans with contributions based on a fixed percentage of an employee’s salary. This type of plan guarantees contributions, not benefits, which makes it different from other pension schemes. The employee’s retirement benefit is determined by the total contributions made to the plan and the investment returns generated […]

What Are Retained Earnings?

If you’re running a business, understanding retained earnings is essential—not just for accountants, but for owners, founders, and decision-makers. Retained earnings reflect how much profit your business keeps after paying out dividends. It’s a key indicator of your company’s growth potential and financial health. In this updated 2025 guide, we’ll break down what retained earnings […]

EBITDA: What It Is And How To Calculate

Understanding your business’s profitability is crucial to making informed decisions, attracting investors, and planning for sustainable growth. One of the most widely used metrics for evaluating operational performance is EBITDA. In this 2025 guide, we’ll explore what EBITDA is, how to calculate it, its advantages and limitations, and how startups and small businesses can use […]

The Pros and Cons of Acquiring an Existing Accounting Practice and the Process of Acquisition

It takes abundant resources to start an accounting firm, starting with legal and administrative requirements, obtaining necessary licenses, setting up the resources to comply with local regulations, obtaining financial resources, setting up a formal office, hiring and compensating trained and junior accountants, receiving and installing diverse software for various functions, and making investments in marketing […]

Why Gusto is an Exceptional Payroll Solution for Small Businesses

A company’s operations have several interdependent and overlapping roles. Accounting plays a vital role in a business’s administrative tasks; there are several classifications and sub-classifications under the accounting function. Payroll management is one such role that is complex and requires pinpoint accuracy. Table of Contents What is a Payroll Management System? Payroll management includes an […]

How to Register a Company in the USA from India & Streamline Finances

For many Indian founders, expanding to the United States is the gateway to global recognition. Incorporating a company in the US opens doors to international investors, builds instant credibility with clients, and provides access to one of the world’s most dynamic startup ecosystems. From venture capital firms that prefer Delaware C-Corps to enterprise clients who […]

Everything You Need to Know Before Implementing Zero-Based Budgeting

Zero-based Budgeting (ZBB) is an approach to accounting that scrutinizes an organization’s spending. Every department is expected to monitor their spending, as every line item under expenses and expenditure requires justification in each budgeting cycle. Traditional budgeting increments the expense as a percentage from year to year or the respective period for Budgeting. Traditional Budgeting […]