Remove blog what-is-a-business-budget-and-why-is-it-important
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What is 3-way matching and why is it important?

Airbase

Three-way match has long been an important control measure practiced by accountants to make sure that what was purchased, what was received, and what was paid are fully aligned. Table of contents What is 3-way matching? What is 3-way matching? How 3-way matching works. 3-way matching example.

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Achieving Inventory Efficiency: 6 Steps to Develop a Winning Plan

Acterys

No matter what your business looks like at present, it is essential to establish a successful inventory plan and management strategy to ensure the success of your business. A data model (such as a star schema) visually connects the main data assets of your business and creates relationships between different data points.

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Inventory Planning 101: Unlocking the Secrets of Optimal Inventory Forecasting

Acterys

As retailers and manufacturers try to rebuild responsibly in a post-pandemic world, the importance of effective inventory planning has never been greater. In this blog, we cover some basics about inventory planning: what it is, why do you need it, and what are its benefits and challenges. Let’s get started.

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The future of Global Minimum Tax: What to expect in 2024

ThomsonReuters

Designed to prevent the practice of moving profits to lower tax jurisdictions, under the new “Pillar Two” rules , companies whose revenues exceed €750m will have to pay a minimum tax rate of 15% in each country where they do business. The new requirements are complex and still evolving.

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What are the benefits of forecasting revenue?

Basis 365

Forecasting revenue is essential, no matter how big or small your business. How can you plan your budget for advertising, marketing, and sales? This is especially important if you're a start-up with no prior experience. This is especially important if you're a start-up with no prior experience.

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Why we can’t keep old reports (and other burning questions)

Xero

If you’re like many small business owners and advisors, you’re probably starting to seriously think about how this will impact your day-to-day work. Q: Why are you getting rid of old reports? That’s why we’re retiring the older versions of our reports in Xero. Q: Why can’t we keep both versions?

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How to successfully offer pro bono accounting services

ThomsonReuters

This blog offers insights into how to go about setting up a successful pro bono accounting services program, avoiding some of the most common pitfalls, and articulating your value to clients. Pro bono endeavors require planning to establish the infrastructure — firm policy, guidelines, and budget — to support your efforts and ensure success.

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