Automation is the process of leveraging advanced technology and software to perform a slow, manual, and repetitive process which normally are prone to manual errors. Accounting, being one of the most crucial aspects of business can be greatly benefited by automation but complete automation is only possible when each of its major components like Accounts […]
The disruption of businesses caused by the COVID-19 pandemic has pushed all types of business, small, medium, and large into a corner. A significant rise in demand for accounting services to leverage actionable financial intelligence services, advice on tax returns, generation of financial statements and audits has increased the work volume for the accounting firms. […]
By outsourcing their bookkeeping services, today’s businesses save time, improve efficiency, and reduce overhead costs, boost their bottom line and stay competitive in the market with little to no effort. By leveraging advanced cloud infrastructure, bookkeeping software, and tools, bookkeeping firms like us at Outsourced Bookkeeping, automates and streamlines the entire bookkeeping process to deliver […]
Only three months into 2020, we were right in the middle of one of the toughest economic challenges ever. The COVID-19 pandemic has copped severe blows to all business sectors, and today four months into the pandemic the global businesses are making efforts to recuperate from the damage done. Impact of COVID-19 on Global Businesses: […]
The massive disruption brought upon our global economy by the COVID-19 pandemic has made all the businesses go into recovery mode to keep their businesses afloat. Proactive businesses were quick to adopt remote work models to continue their operations albeit at a limited scale. With the economy gradually returning to normalcy, it is high time […]
Financial reporting is the standard communication of financial results and other important financial information to the management and external entities (stakeholders, investors, and lenders) in the form of financial statements. Any business that had the privilege to grow to its potential owes it to the impeccable internal financial reporting process that helped the management to […]
The Corona Pandemic has forced the economy into a slump which can take at least a year to return to normalcy, considering the vaccine is around. The March and April have witnessed the US economy buckle like never before: the stock market sunk, the unemployment rate shot up faster than the 2008 recession as the […]
The financial crisis of 2008 is the biggest economic disaster to have hit the global economy since the great depression of the 1920s. Many large banks were obliterated in a single day, stock markets plummeted to an all-time low, jobs were lost, and unemployment was at an all-time high, and the global economy especially the […]
Few businesses in the world are as complex and as a large real estate investing businesses. High volume transactions, complex payment methods, volatile markets, price mismatches, cash and credit crunches, state rules, and regulations and whatnot, we are only scratching the surface here. Real-estate business, being one of the most complex and dynamic businesses in […]
As the world countries are gradually opening up their economies by making up with the Corona, a larger and more hostile challenge of economic recession looms over the world right now. Starting with China which has recorded a historic slump in the first quarter, all the major world economies are experiencing the tremors in their […]