A pro forma invoice is an initial sale document that includes a price quote, payment details, and other essential info on the future transaction. Businesses send pro formas to potential clients as a request for payment when the sale is likely to happen. This short guide will walk you through everything you need to know […]

Excel is arguably one of the most powerful tools in an accountant’s toolbox. With such a wide selection of Excel plugins, you can make it even better suited to your needs by feeding data from external sources or adding extra features. Here’s a list of the most useful Excel add-ins for accountants and bookkeepers.

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 […]

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