The integration of artificial intelligence in accounts payable automation is a game-changer for financial management. AI technologies help organizations overcome the challenges of manual AP processes. These include the time-consuming task of data entry, slow approval times, and higher fraud … Continue reading →

Payables represent a liability for the entity that owes the money, signifying a future obligation to disburse funds. Interest-bearing notes explicitly state an rate of interest, and curiosity is calculated and paid periodically or at maturity along with the principal. … Continue reading →

The easiest way to get started calculating your overhead costs is to look at a list of expenditures from the previous year. Now that you understand what overhead costs are and why they’re important, let’s turn our attention to how … Continue reading →

Negative brand equity is rare and can occur because of bad publicity, such as a product recall or a disaster. When inventory items are acquired or produced at varying costs, the company will need to make an assumption on how … Continue reading →

For example, a company will have a Cash account in which every transaction involving cash is recorded. A company selling merchandise on credit will record these sales in a Sales account and in an Accounts Receivable account. Liabilities also include … Continue reading →

Learn more about how HubiFi integrates with existing systems, including popular accounting software, ERPs, and CRMs, on our integrations page. Start by identifying your key data sources, such as sales records, marketing data, and website analytics. If historical data is … Continue reading →

Under the cost-of-sales method, the controller charges each product line an SG&A amount based on its share of manufacturing cost . To achieve better control over nonmanufacturing costs, manufacturing executives are developing more precise measures of their SG&A expenses. On … Continue reading →