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 […]
In today’s post-covid era small and medium businesses must stabilize their ship and lay the right foundations as fast as possible to gain an edge over the competition. Maintaining a lean structure and making the most with fewer resources is the goal for any small and medium business. And outsourcing is the key that can […]
Accounting and financial services always grabbed a major share in outsourced services. However, the unprecedented COVID-19 has further increased this share as the CPA firms all around the world are benefitting from outsourced booking and accounting services more than ever. For instance, at Outsourced Bookkeeping we have registered higher growth in the pandemic years as […]
No other accounting function has as much sway on the business cash flow and bottom line as Accounts Receivable. Being the lifeblood of a business in terms of revenue Accounts Receivable tips is the critical aspect of business accounting that needs to be efficiently managed for smooth business operations. However, the majority of the businesses […]
Accurate financial records are essential for business success. Our bookkeeping services ensure detailed tracking of all transactions, including sales, purchases, payments, and receipts. Many startups struggle with cash flow management and fail to record transactions properly due to limited resources. With our expert bookkeeping services, you can streamline payables, receivables, and overall financial reporting—allowing you […]
From 2018 to 2021, 55 of the largest U.S. companies paid zero income tax, leveraging tax strategies that not only eliminated their tax burden but also earned them millions in rebates. In contrast, small and medium businesses often struggle with complex tax regulations, sometimes facing fines on top of income tax payments. To avoid such […]
As the most important event in a monthly accounting cycle, the month-end close process is where all transactions are accounted for, balances are finalized, and reports are generated to provide key insights to aid in decision making. An efficient and accurate month-end close process is key for setting up a reliable accounting system. It improves […]
One of the biggest accounting challenges faced by businesses all around the world is lack of consistent cash flow and lack of efficient Accounts Payable Process one of the major causes. However, the problems caused by inconsistent AP doesn’t end there. Problems in invoice processing and the AP problems that follow can impact the production […]
Payroll processing isn’t just about cutting checks—it involves tax compliance, employee benefits, deductions, and evolving labor laws. For businesses handling payroll mistakes at scale, the process becomes even more complex, increasing the risk of errors and penalties. Outsourcing payroll to specialized accounting firms or payroll service providers ensures accuracy, compliance, and efficiency. With expert support, […]
