According to Billentis, up to 85% of all invoices in the UK were issued on paper in 2016. With billions of paper documents entered into accounting records, making data entry more efficient is critical for all businesses. Here’s how OCR and machine learning can help you ditch manual data entry for good.

With over 6 million customers, QuickBooks is the world’s largest cloud accounting provider and is used by the self-employed, limited companies, and accounting firms all over the world. It also offers an immense library of Intuit-approved QuickBooks add-ons that augment what’s possible with the platform alone.

One of the key aspects of OCR-based invoice data extraction is to be able to automatically detect which words and phrases returned by OCR are meaningful. The solution should only return key invoice data in a standardised format. Learn how the Naive Bayes algorithm can help you achieve this goal.

Minimising your individual and business tax liability is a vital part of running a profitable business. How you pay yourself – whether through dividends, a salary, or a mix of both – is key to keeping your tax bill to a minimum. Here you can learn if small business dividends is the most efficient way […]

As the old saying goes, “Time is money”. Small businesses know this all too well. But often employees have to wear multiple hats and take care of several things at once, so it’s especially easy to lose track of time. What they sometimes don’t realize is how important time management is for a financially sustainable […]

Even if you’re not a regular listener, podcasts for accountants are a great way to get inspiration and valuable tips on the go. To help you find the best podcasts that are most applicable for accountants, Arbitrue has put together this list of thought-provoking and entertaining series. Grab your headphones and check these out.

Research shows that as much as 72% of UK self-employed handle taxes on their own. At the same time, 7 out of 10 people surveyed found it stressful to deal with accounting processes. To allay your pain, we put together a list of accounting terms that will help you get your ducks in a row […]

There are many tools in the developer’s toolbox when it comes to automatic data extraction. A good example is TF-IDF algorithm (Term Frequency – Inverse Document Frequency) which helps the system understand the importance of keywords extracted using OCR. Here’s how TF-IDF can be used for invoice and receipt recognition.

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