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Showing posts from October, 2021

Top 4 tax saving tips

4 essential tips for saving on income tax  for the Fiscal Year 2022💸 Income tax filing is an ever-changing subject,  with new policies being introduced each Fiscal Year. As such, the FY 2021-2022 has brought many new,  lucrative schemes for saving on income tax. It is best to stay up-to-date and well-informed  about subjects like taxes, which we have to deal  with frequently. Here are some options you can  explore to save big on income taxes this year 💸 Business Expenses:  The most obvious suggestion would be to write  off as many business expenses as possible and  convert more revenue to expenses. This includes travel and accommodation, essential utilities like  electronic devices and data plans, and other costs relevant to the company. 💸 Invest in your company:  Spend a significant part of what you earn on your company. Departments like marketing, sales, and R&D can always  benefit from more budget, and these expenses are entirely  tax-deductible. An experienced accountant can

Benefits of RPA for Account Payable management

  Have you ever thought about fixing your Accounts Payable management ? An automation upgrade is just what your system needs. AP management is a stressful and tiring job. It consists of spending hours entering data, tracking invoices and revising payments and creating reports. It is full of monotonous and strenuous tasks and is a source of a major loss for many companies.  It is, however, the perfect job for unmanned AI, and most AP departments use RPA for their financial processes because of their various apparent merits over human accountants.  It is quite obvious that AI-based automation is a necessity for a sustainable management structure. If you are one of the few businesses still relying on manual AP management , maybe it’s time to explore more modern methods. Tell us in the comments below what other plus-points RPA has, and what areas it’s still lacking in. Why you should Automate Accounts Payable Management Managing a company’s Accounts Payable is a laborious and tiresome pr