15
Dec
The American Medical Association has estimated that medical practices and hospitals lose 11% of their total revenue on average each year because of underpayments.…
10
Dec
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…
03
Dec
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…
24
Nov
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…
19
Nov
For small business owners, saving up that extra money from taxes can spell the difference between being profitable and just getting by. At the…
15
Nov
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…
08
Nov
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…
05
Nov
This is one common mistake that employers often do. Missing deadlines to pay payroll taxes meaning paying penalties and charges that you…
01
Nov
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…
25
Oct
On average it cost four times more to collect from a patient than it does from an insurance company. A&B Accounting and Business Solutions is…
