2024

The Continuous Transaction Controls (CTC) model is becoming increasingly prominent in e-invoicing processes worldwide. As more governments look to tighten tax controls and ensure real-time visibility into business transactions, the CTC model has therefore emerged as a solution to streamline compliance and minimise fraud. What is a CTC Model? The CTC (Continuous Transaction Controls) model […]

In accounting, understanding balances is key to managing your financials effectively. One such concept is a debit balance in accounts payable, which might seem counterintuitive at first since accounts payable typically have a credit balance. Let’s break down what it means, why it happens, and how it impacts your business. What is a Debit Balance

Tracking invoicing is crucial for any business to maintain a healthy cash flow, ensure timely payments, and avoid disputes with customers. With evolving technology, businesses have various methods available for monitoring invoices, ranging from manual processes to advanced e-invoicing platforms. Poll results In our most recent LinkedIn poll, we asked our followers if they track

Telecom companies, like many businesses, rely on the order to cash (O2C) cycle to manage their revenue cycle effectively. This process involves several steps, from receiving customer orders to collecting payment. However, for telecoms, the complexity increases due to the variety of services offered, customer contracts, and the need for real-time data integration. Steps To

Accounts receivable (AR) is typically a debit balance, representing money owed to a business by its customers. However, in some cases, AR can have a credit balance. This might seem confusing at first, as accounts receivable is normally considered an asset. Let’s explore how a credit balance can occur in AR and what it means

Invoice financing has become an essential tool for businesses looking to manage their cash flow more effectively. By leveraging unpaid invoices to access immediate funds, companies can maintain liquidity and continue their day-to-day operations without waiting for long payment terms to close. Poll results In our most recent LinkedIn poll, we asked our followers which