Tag Archives: OCR for expenses

Let us set up a scenario for you: You’re a business owner and must keep track of hundreds of transactions every day. All your customers are provided with a receipt for proof of purchase. You keep a copy for internal auditing. With us so far? Okay. You come to the end of the month and […]

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According to the NHS, in 2017-2018, anxiety and depression accounted for 44% of all work-related ill health cases and 57% working days lost due to ill health. Those are astounding statistics. In the UK alone, half of all illness and absences are as a direct result of a mental health malady. It’s been hard to […]

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Now that VAT has been officially introduced in the UAE, one sector set to benefit greatly – the accounting sector. Since the turn of the year, many firms have seized the opportunity to market their services, promising competitive rates for clients who need a learned and trusted business to manage their VAT. SMEs have emerged […]

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When most people think of accountants, the first thought that springs to mind is usually that of ‘number crunchers.’ These are the people that know how to manage finances, keeping profit columns on a spreadsheet favourable and the loss columns negligible at worst, and zero at best. Traditionally, these professionals toil away hour upon hour, […]

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Look around and it seems as though technology has adopted a blink and you’ll miss it mentality. This is true of all areas of our personal and professional lives. It’s not unreasonable to assume that we’re living in a generation that will be remembered for centuries to come as a time when our descendants look […]

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A successful business is a profitable business. Though, this is hardly a Eureka statement, more one that’s simply common sense, it’s no less important for businesses to soundly understand in a competitive commercial marketplace. Whether you have a small, yet profitable SME or are the CEO of a multi-national, blue-chip businesses, keeping a weather eye […]

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The day when tax will be fully digital is almost upon us. Like Saudi Arabia, the UAE has adopted the GCC’s Unified VAT Agreement on digital taxes for foreign sellers. The VAT rate for digital products is 5%. There is no registration threshold. What does this mean for overseas businesses? They must register for VAT […]

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2018 saw a momentous shift away from accepted accountancy practices, with many firms focusing their processes around automation and technology. You only need to look at the number of firms embracing cloud and OCR receipt scanner technology to see this. Far from being a passing fad, it appears as though large-scale commercial integration of technology […]

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