If you’re thinking about opening an offshore bank account, be aware of the IRS rules and regulations. You may need to file both the FinCEN form 114, FBAR and the FATCA form if you qualify. While offshoring offers numerous benefits, accounting firms also face challenges when it comes to scaling their operations using Offshore accounting […]
The cash method recognizes revenue and expenses on the day they’re actually received or paid. This method is the simplest for small businesses because it doesn’t require you to track payables or receivables and reflects whether or not your money is actually in your account. Having a separate bank account for your business income and […]
Customers with 1-50 Employees make up 61% of accounts receivable automation software customers. For an average Finance solution, customers with 1-50 Employees make up 18% of total customers. Invoiced is an award-winning platform that helps buyers and sellers come together to securely send and receive invoices, pay vendors, and get paid. With thousands of customers […]
You may not be a computer programmer, but you should at least understand how a product works before investing in it. Cryptocurrency projects often use “smart contracts,” which are agreements governed by computer software, not the legal system. This setup can be a benefit if it reduces transaction costs, but it makes it difficult to […]