Accounting

ApprovalMax provides Xero with powerful approval-driven financial controls for Accounts Payable and Accounts Receivable. These controls help prevent errors, duplicate payments, fraud, and unnecessary spending.

What is ApprovalMax and how can it benefit small businesses?

Accounting, Management accounting / By

In small businesses, efficient approval processes are crucial for maintaining financial control, ensuring accuracy, and establishing robust audit trails. This is where ApprovalMax comes into play. ApprovalMax is a powerful cloud-based solution designed to streamline and automate approval workflows for small businesses. It integrates seamlessly with popular accounting software like Xero and Quickbooks, providing a …

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How to choose between straight-line depreciation and accelerated depreciation methods?

How to choose between straight-line depreciation and accelerated depreciation methods

Accounting, Financial planning / By

Long-term assets, also known as non-current assets, are used to produce goods or to supply services, rentals, or administrative purposes. They can be tangible or intangible and are expected to benefit the company for over one year. The most common long-term assets for SMEs are: This article explains how long-term tangible assets can be depreciated …

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