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What is 3-way matching and why is it important?

Airbase

In this blog, we’ll delve into the intricacies of three-way matching, exploring what it entails and, most importantly, why it holds such a pivotal role in modern accounting and procurement practices. Supplier’s invoice: XYZ Electronics sends an invoice to ABC Software for the 50 chairs at the agreed-upon price of $100 each.

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5 mistakes you make when quoting fees to new clients

Mark Lee

In each of the most recent cases I noted that the accountants had made similar mistakes. Here are the 5 most common mistakes I keep seeing: Focusing on the fee payable rather than on the value the client will receive (and expressing this in a way that relates to the value as required and perceived by the prospective client).

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Withdrawal Rates in Retirement

Withum

I do not care to discuss that rule, but I want to reaffirm the explanations in my earlier blog. I also tend to feel that “formulas” provide many people with a comfort level that makes them feel they do not need to monitor their situation too closely, which is always a mistake. Contact Us.

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Email Blunders That Cost Accountants Time and Money

Lockstep

In this three-part blog series, we’ll take a look at some of the biggest email blunders that can cost accountants time and money. We’ve all been there – you’re working on a tight deadline, and you make a mistake. But some mistakes are sillier (and costlier) than others. It’s inevitable.

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Common mistakes in cash flow statements

ThomsonReuters

Accounting professionals must have the right tools and resources in place to not only avoid cash flow mistakes but also help maximize cash flow for clients. So, what are common mistakes in the cash flow statement and how can you help clients improve cash flow management? How do you find mistakes in a cash flow statement?

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How to charge for bookkeeping services

5 Minute Bookkeeping

I know that for many virtual bookkeepers, the problem isn’t the technical know-how, the problem is being able to confidently price their services. In this blog post, I’ll share the knowledge I’ve gathered over the years on how to charge for bookkeeping services. Your price is just your price. It’s all in your mind.

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The Best Tips for Inventory Management for Small Business

Snyder

5 common mistakes in e-commerce inventory management. This way, the exporter doesn’t have to worry about a customer coming by to buy just one thing—they can sell the entire batch wholesale at a cheaper price. 5 common mistakes in e-commerce inventory management. Mistake #2. Mistake #3. Mistake #4.