A new article helping small businesses owners and accounting firms to learn how they can successfully outsource their financial and accounting business processes like bookkeeping, account payables, account receivables, Tax returns, etc to offshore vendors. Unlike big corporations who offshore Financial & Accounting business processes, for a small business it is an arduous task. Big corporations […]
The director of Outsourced Bookkeeping Mr. Sunil Khullar recently expanded their services for the business community in New York and other states in the East coast of United States. The company provides accounting and financial bookkeeping for your business that will save you 50% compared with regular inland services. Outsourced Bookkeeping will help you with […]
Allowing customers to take delivery of good and services on credit encourages them to buy more, which raises sales. Offering discounts to customers who pay quickly can encourage them to settle their accounts and keep revenue flowing well. There will also be times when items will be returned. Using Quickbooks to create invoices, track payments […]
Keeping your small business running smoothly requires keeping accurate financial records. You don’t need to be a master bookkeeper to handle the day-to-day record keeping for your business. Decide which accounting system works best for your business: cash or accrual. Cash method counts income as soon as it comes in and expenses as pay them. […]
Outsourcing has always been associated with private businesses, from small and medium enterprises to large multinational companies. In the midst of an economic slowdown, there are other organisations that can benefit from outsourcing. Non-profit Organisations Non-profit organisations have a different financial structure compared to businesses. They are under specific and strict tax laws. Their cash […]
Accurate and timely financial statements are critical for making quick decisions in today’s business. In order to look forward and plan effectively, a business owner must be able to review and discuss the financial performance of the business to date. A fundamental component of accurate and timely financials is a well designed monthly close process. […]