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 […]
Understanding and Managing Petty Cash System: Types and Best Practices
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 […]
