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Medical Billing and Coding Errors
Did you know that American Medical Association has estimated that medical practices and hospitals lose 11% of their total revenue on average…
Common Errors Missed in Medical Billing and Coding
The American Medical Association has estimated that medical practices and hospitals lose 11% of their total revenue on average each year because of underpayments.…
Accounting Fraud: Where to Look For Them
A 2014 study reported that on average, 5% of a company’s revenue is lost to fraud each year, globally. This can prove to be…
Save Money with These Ingenious Accounts Payable Practices
Accounts payable is the sum of all of the short-term obligations businesses are required to pay their service providers. These include the various products…
Why Outsourcing Your Medical Billing Operations is a Good Idea
Life as a medical practitioner can be hectic; arguably, all the more if you run your own practice. There is so much to take care…
How Small Businesses Can Save On Taxes
For small business owners, saving up that extra money from taxes can spell the difference between being profitable and just getting by. At the…
Accounting Fraud: What You Need To Know
For small business and entrepreneurs, being a victim of fraud is not uncommon. Whether it’s internal fraud, embezzlement, or incorrect financial reporting, fraud is…
Small Business Accounting 101: FIFO and LIFO Inventory Accounting Methods
One of the most common mistakes that small business accounting solutions often make is maintaining too much inventory. This is a problem since it’s…
How to Avoid Payroll Errors
This is one common mistake that employers often do. Missing deadlines to pay payroll taxes meaning paying penalties and charges that you…
Choosing an Inventory System for Your Small Business: Periodic or Perpetual
Inventory management is an important component of accounting. You don’t want to stock too much or too less, similarly, you don’t want to have…
