The Concept of Internal Control

Julie Babcock-HydeSmall Business0 Comments

internal controls

Internal control is a very special phrase in the accounting profession. Tactically, it’s the set of processes that help a company produce accurate data throughout the organization, follow reporting requirements and laws, and maintain consistency and accuracy in its operations. Strategically, it’s an entirely new way of thinking and doing business. Internal control helps to reduce organizational risk. A blunt … Read More

Beyond Saving Trees: New Trends in Receipt Management

Juliet Babcock-HydeAccounts Payable, Apps, Document Management, Small Business0 Comments

receipt management

Accounting automation has come a long way in the last few years, and the process of handling invoices and receipts is included in those changes.  No longer is there a mountain of paperwork to deal with.  In this article, we’ll explain some of the changes in this area. Vendor Invoices Most invoices are now sent electronically, often through email or … Read More