by Richvds | Dec 12, 2022 | News
Will Artificial Intelligence Replace Accountants? Long Story Short: AI may reduce the need for accountants to do process-driven or repetitive bookkeeping tasks, but not higher-value accounting tasks. In the past accountants focused much of their time on minor...
by Richvds | Dec 12, 2022 | News
Revenue is Vanity. Profit is Sanity. Cash Flow is King. Few financial vital signs are as important as cash flow. Some of the best minds in business have coined cash flow quotes musing about keeping an eye on money coming in and going out of business … The first...
by Richvds | Nov 23, 2022 | News
“Nothing is certain except for death and taxes …” words of Founding Father, Benjamin Franklin, to Jean Baptiste Le Roy, 1789.We’re not about to expound on Wills, Trusts and Inheritance Tax, yet whilst there’s nothing friendly about paying tax, it’s what all good...
by Richvds | Nov 23, 2022 | News
More than 500 years ago, Luca Pacioli, often called ‘the father of accounting’, was the first to publish a detailed description on the double-entry system, thus enabling others to study and use it. The mid-1800s brought about the first mechanical calculator. In the...
by Richvds | Nov 23, 2022 | News
When Tesla built its flagship fully automated plant in Fremont, California, it was supposed to be a revolution in manufacturing. What ultimately happened was a painful truth. The AI-powered robots actually slowed down production, and the plant failed to meet its...
