Intercompany Accounting has always been a highly important process for the parent company to get done right. Though expanding the business is seen as a success, managing the accounting and finance side is not an easy job. Companies have always found the work to be significantly challenging and risky, and Intercompany Accounting is one of the top struggles. If done wrong, the company can deal with serious issues and errors in their final financial statements.

Operating a startup is challenging. As a startup owner, you have to wear multiple hats, and the last thing you want to worry about is keeping track of every single receipt. Thus, it is understandable to overlook the accounting function as you are trying to balance your time as much as possible. 

Financial services firms today still face the lingering effects of the latest global financial crisis. What's more, regulatory reform, complex reporting requirements, low interest rates on top of disruptive technologies have forced financial institutions to quickly adopt agile strategies and solutions to stay competitive.

Job interviews are arguably the most beloved employee selection tool. They are so widely used that interviews are synonymous with the hiring process. However, most job interviews are unstructured and prove to be unreliable and ineffective. That is, they fail to predict actual employee performance.

In today’s digital world, data is your most critical asset, and, as such, requires utmost protection from both natural and man-made disasters. This especially holds true for financial data, the blood life of your business. And you cannot do it properly without a disaster recovery plan.

In the last two articles, we discussed the advantages of diversity and inclusion in the workplace as well as some obstacles the HR department might face during the process of building a diverse, equal and inclusive environment. In the next step, we are going to sketch out a thorough plan that helps your organisation to achieve this goal.

After several months of remote work from the office, many organisations and their employees have completely adjusted to business as unusual and found ways to maintain productivity from home.  

By definition, forecasting is the process of prediction or evaluation of the upcoming events, trends, outcomes, etc. For business prospects, simply guessing what future might hold is very risky and not appropriate for the most. That’s how annual budgeting plans came to be. Although, even with the best data and tools, the business climate is very unpredictable and ever-changing. To fight budget uncertainty, Rolling Forecast is here to save the day.

The traditional monthly close has long been used by companies and some still do. But the problem with this approach is that by the end of the month, everything becomes so cramped up, making it error-prone and labour-intensive. Continuous close, on the other hand, makes things much easier for both the company and the employees.

It is still baffling to look back and see how our lives have changed tremendously within just six months. People no longer rush their morning routine and run to the second floor to attend their 9 AM meetings. Travelling to work every day now seems like an old age thing. The post-COVID-19 work environment demands adaptability and flexibility.