Cash vs Accrual Accounting: What’s The Difference?
Discover the pros and cons of cash vs. accrual accounting for small businesses and what to choose for a clear and accurate representation of your business.
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Do Small Businesses need to follow GAAP?
Lou Yueting
Do Small Businesses need to follow GAAP?
Yes, small businesses should follow GAAP for higher reliability of financial statements, greater trust with investors and easier loan approvals.
Lou Yueting
Co-founder
What Is The Difference Between LLMs vs. AI?
AI is smart tech that can analyze customer data or automate inventory. LLMs are AI focused on language, such as writing emails or product descriptions.
Comparing LLMs vs OCR Software For Small Businesses
OCR turns data in document images into editable text. Popular OCR Software: Receiptor AI for expenses, Nanonets for supply chain, ABBYY for legal matters.
How GenAI and Mobile Technology Will Reimagine Accounting
Discover how GenAI and mobile technology are transforming business accounting. Learn how to adopt automation for your business and stay ahead of the curve.
Tax-Free Employee Reimbursements for Small Businesses
Setting up employee reimbursements to be non-taxable under IRS guidelines means employees don't pay taxes, and businesses can deduct them as expenses.
5 Facts on Digital Expense Reimbursement For Startups
A summary of key points of IRS Revenue Ruling 2003-106 on Digital Expense Reimbursement to consider for small businesses
Setting Up An Accountable Plan For Small Businesses
The IRS has approved digital receipts, allowing small businesses to simplify expense management and improve their tax filing processes.
Why Your Startup Needs to Automate Receipt Tracking Today
Read on to discover how much time and money automated receipt tracking can save your business, all while enhancing financial accuracy and efficiency.
Solopreneurship Success Checklist 2024
A solopreneur is an independent entrepreneur who runs a niche business alone, handling all tasks and managing their own pay without the need for payroll