Start-ups owner multi-task their way out of bookkeeping and accounting and a few even succeed with great effort. However, as the business grows, the numbers rise and so do the insights and the opportunities they open up. Only an experienced CPA can help you glean these insights and provide you with action steps that help […]
Lack of adequate cash flow is the primary reason for the failure of the majority of small and medium businesses around the world. While regular bookkeeping and accounting functions can be multitasked, cash flow management optimization needs dedicated accounting expertise. It entails a careful analysis of vulnerabilities in various accounting functions and prompt optimizations with […]
tax deductions small businesses can serve as incentives to help taxpayers reduce their tax liability. But this is possible when they can are completely aware of all the possible opportunities for deductions. While large enterprises have their accounting department with tax specialists to leverage these deductions, small business owners tend to miss out on these potential […]
At the centre of every cash flow problem encountered by a growing small and medium business lie inefficient accounts payable process that is characterized by slow invoice processing, errant or late payments, additional interest or fines and even strained vendor relationships- all these after loads of time spent by AP resources. And yet all these […]
One of the primary reasons for duplicate payments in Accounts Payable is the lack of right information stored at a centralized location. Having a master data portal with Vendor Master Data (VMD) reduces data inaccuracies and account delinquencies. By ensuring all the product detail, service level agreements, quality standards, delivery timelines, and payment information details […]
Bookkeeping and accounting have evolved from paper-based ledgers to seamless digital solutions. Today, virtual bookkeeping services leverage cloud technology to offer real-time financial management, automation, and remote access. Whether you’re a small business or a growing enterprise, virtual bookkeeping ensures accuracy, efficiency, and cost savings—making traditional methods a thing of the past. A start-up or […]
Computers and cloud accounting together have transformed the accounting industry. The signature accounting ledgers, excel charts, manual receipts and clunky storage are now being replaced by simple web-based accounting – thanks to cloud computing and storage. Cloud accounting tools like QuickBooks, have not only simplified the tedious job of accounting professionals but have skyrocketed efficiency. […]
Often businesses increase sales by liberalizing their AR policy which leads to overgrown Accounts Receivable that are harder to collect. The longer one waits for Accounts Receivable harder it is to convert it to cash. Over time these problems grow, pile up and cause cash flow problems. As a remote accounting firm that has been […]
AP and AR automation has slowly become a norm around the globe in the last few years. The promise of benefits and affordability has led even small and medium businesses to actively consider shifting their AP and AR into a digital automation ecosystem – a welcoming sign for the accounting industry. Shift to AP Automation […]
Accounting technology is always in flux and is constantly evolving. The productivity optimization accounting technology offers, the efficiency it delivers and the money it saves are directly proportional to the sophistication of technology (and also their fit).A business that is looking to gain an edge over the competition or a CPA firms that is aiming […]
