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Bookkeeping vs. Accounting: What’s the Difference?

inDinero

You might wonder how bookkeeping vs. accounting differs when managing a business’s accounting. Bookkeepers are chiefly responsible for accurately recording and organizing transactions, while accountants add value by synthesizing that information into actionable insights and financial projections. What Does an Accountant Do?

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Numbers Made Simple: AI Tools For Accountants and Financial Analysts

Magellan Solutions

The finance and accounting world is undergoing a technological revolution. As a business owner with an accounting practice, you can use Artificial Intelligence advances to transform your work processes. We’ll explore how AI tools can benefit the finance and accounting industry.

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Best Real Estate Accounting Software To Use In 2023

Invedus

Real estate accounting is an important practice of organizing and understanding finances of a real estate company. Amidst all this, an important factor is that every property manager should know how to manage accounting through the best software in the market. Real estate accounting software 1.

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Outsourced Accounting Services vs. In-House [Pros and Cons]

Intugo

Outsourced Accounting Services vs. In-House [Pros and Cons] Effective accounting is essential for the smooth functioning of any successful business. As companies navigate the complex landscape of financial management, a key decision arises – whether to opt for outsourced accounting services or maintain an in-house team.

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Efficient Invoice Data Entry Services for Error Free Accounting

Magellan Solutions

It’s no surprise, given over 60% of enterprises struggle with capturing and processing their invoice data—wasting up to 9 days per month on repetitive manual tasks just to keep up with invoices. The goal is to drive higher productivity and error-free accounting. This is one of the causes of delays in processing and payments.

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Netsuite vs. Quickbooks: Accounting Software Comparison

inDinero

One of the most critical aspects of running your own business is accounting. That’s why 71% of businesses rely on outsourced accounting to help them track their financial data. However, even with an accountant, you still need a way to keep records. However, even with an accountant, you still need a way to keep records.

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Accounting AI’s Inherent Problems and How BPO Solves Them

Magellan Solutions

The Problem with Accounting AI and the Role of BPOs. Over 70% of leaders in finance and accounting, advisory and tax services, think that Artificial Intelligence (AI) will affect data-driven insights, according to the EY 2020 Global Tax and Transformation survey. The need for AI specialists and accountants is growing.