What Is Artificial Intelligence in Finance?
Using predictive analytics and machine learning, companies can automatically compile data from all relevant sources—historical and current—to continuously predict future cash flows. With faster, more accurate cash flow forecasting, companies can make proactive moves to maintain healthy liquidity levels. For instance, if there is excess cash, they can take advantage of early payment discounts with […]
What Are Accruals? How Accrual Accounting Works, With Examples
Accounting experts share basic definitions and concepts, formulas, examples, sample journal entries, and advice to help best account for revenue. Following the accrual principle in accounting provides a more accurate picture of the actual financial status of a company, but it is a more onerous method for small businesses to adopt. Accrual accounts include, among […]