Virtual accountants can utilize HighRadius’ Record-to-Report Software to streamline and automate the entire financial close process, from recording transactions to generating reports. HighRadius not only saves time but also allows for remote deployment, making it easier for accounting professionals to manage financial operations from anywhere. HighRadius prioritizes data security and privacy, meeting key compliance standards […]

Companies use the imprest system to track and document how each department or location uses its petty cash. Companies may have several bank accounts where they can keep their cash for safekeeping. Most large transactions that include the transfer of cash occur through bank accounts. However, companies may also need cash to pay for daily […]

A stop payment may be placed on the original check to prevent unauthorized use. Insurance payouts often come in the form of checks, but many people don’t realize these checks have an expiration date. Failing to deposit or cash them in time can lead to complications, including needing a replacement or even losing access to […]

Therefore, managers face challenges with the complex web of local, state, and federal regulations, including tax laws, security deposit handling rules, and tenant-landlord agreements. For instance, accurately reporting rental income and maintaining detailed financial records are essential to avoid fines or legal action. On the contrary, non-compliance leads to financial penalties and can also put […]