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Defining Blockchain

Posted by Rayanne Buchianico on  November 8, 2018

Category: Cool Tech Tools
Blockchain is a term that has been bantered about quite a bit when referring to the future of accounting technology. While its impacts are primarily long term in nature, let’s take a brief look to see what everyone is talking about. Blockchain is a technology that can store transactions. Some people have referred to it as a digital ledger. Unlike your current accounting books, transactions recorded using blockchain technology are public. This digital spreadsheet of

Your Perfect Work Day

Posted by Rayanne Buchianico on  October 25, 2018

How well do you love the way you spend your typical workday?  What would a typical workday look like if you had absolutely no constraints?  Here’s a fun exercise to get you thinking about your future and how you can make small changes in your current day to move it toward your ideal day.  Get comfortable and begin jotting out what your ideal day looks like.  Start with what you do before you get to

Training Fido to Fetch More than a Bone

Posted by Rayanne Buchianico on  October 11, 2018

Category: Accounting
While “fetching” might be what some trained dogs can do, accounting systems are getting into the act too. This relatively new feature is called “receipt fetching,” and it’s when an app can retrieve documents directly from the vendors that you do business with so you don’t have to spend so much time on paperwork retrieval.  Apps that can perform receipt fetching can integrate with your accounts and pull invoices into their system.  For example, if

The Concept of Internal Control

Posted by Rayanne Buchianico on  September 27, 2018

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 way of putting it is internal control is what you put in place to avoid
A great entrepreneur will always be on the lookout for ways to improve their business. Efficiency is a goal everyone wants to achieve when it comes to business because it can translate into less work and more profits. Here are five ways you and/or your staff can become more efficient in your business. 1-     Get software-savvy. Do you use the same software apps day in and day out? If you do, ask yourself how well