Slowly but surely, AI is permeating all aspects of our lives let alone the business industry. In this blog, we will touch upon some aspects of AI-powered accounting and bookkeeping services. AI, if deployed wisely, is a powerful tool that…
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The two tools that the companies use to establish their plans for the company are budgeting and financial forecasting. Often these two terms are used together but are two different concepts -Budgeting quantifies the expectation of revenues whereas forecasting estimates…
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Most people are hard-pressed to differentiate between bookkeeping and accounting, especially those who come from a non-commerce background. Many times, accountants are juxtaposed with bookkeepers, whereas ideally the bookkeepers' work is the first step in the whole accounting process. Bookkeepers…
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