Welcome to Libeo's blog

The recent adoption of accounting software as a service (SaaS) is increasing, and cloud computing can boost individual practitioners and small businesses. This post reviews the 6 most current and effective cloud accounting benefits for accountants. Check out how it can benefit your practice today!

Starting a business is a big deal. So, if you're in the process or have already done so, you may be asking yourself the question - do I need an accountant for my small business? This can be a confusing question. After all, an accountant costs money. On the other hand, an accountant also helps you save money (if done correctly). We hope it's a helpful guide and resource as you think about your decision.

Most small business owners find it challenging to stay on top of the ever-changing regulations and best accounting practices since they're typically managing ten different hats. Don't worry though, here are 5 best-practices that will help you articulate your statutory accounts in a compelling way.

Double entry accounting is challenging. Why? Simply because it sounds intimidating! All we hear about accounts is that they are complex and difficult to understand. In reality, though, accounts are as simple as debits and credits—the two sides of an account. What is the main rule for double-entry accounting?

Accounting automation can streamline your bookkeeping. But what is accounting automation? How does it work with your existing business and accounting processes? In this post we'll talk about the three levels of accounting automation, how they impact your business, and how they can save you time and money.

Invoice payments are one of the major challenges faced by most of the small to medium-sized businesses. The primary reasons are process inefficiencies, tedious payment collection procedures, inability to align with the cash flow, etc. Businesses around the world face these challenges on a daily basis and are continuously looking at ways to overcome them.

In the past, businesses were accustomed to the lengthy process of invoice processing. It was a time-consuming and error-prone affair, but not anymore. With invoice processing automation on the horizon, it is easier than ever to streamline your business transactions and save countless hours of work. What are the steps of invoice processing?

Running an accounting firm today means being prepared to meet new challenges. It's no longer just keeping your books up-to-date, or helping set up a new business from scratch. The accounting business has evolved, and now you need to be able to provide insight on a diverse range of issues; from cash flow management to company valuations. What does it mean to be a full service accounting firm nowadays?

E-invoicing is a business term used in today's world, which means Invoicing through the internet than the traditional method of mailing invoices. E-invoicing is basically a paperless form of invoice, expect that it is faster, easier and convenient when compared to its counterpart.