The end of the financial year can be the most daunting period for small businesses when it comes to bookkeeping and accounting. With so many things on their plate, a small business owner had to don many hats to take care of day to day business and this naturally can strain the bookkeeping and accounting […]
A business owner need not have expertise in bookkeeping and accounting but he/she must know enough to swift through these processes. And this know-how should start with understanding the basic accounting aspects and terminology involved in the day to day processes. However knowing only the accounting terms doesn’t help unless one understands the context and […]
Bookkeeping is a fundamental aspect of accounting that is easy to make mistakes, especially for small and medium businesses that cannot afford time and consistency. So how do you improve your bookkeeping process and reduce the chance of mistakes in bookkeeping? Simple, you know them beforehand. As a leading remote accounting firm that specializes in […]
Post COVID-19 every business’s goal is to make the right use of advanced tools to gain as much benefit as possible – especially when it comes to Accounts Payable, a vulnerable accounting process for many businesses. And outsourcing is the most simple and effective way to strengthen this vulnerable area of an accounting process. But […]
Keeping accurate financial records not only give you greater visibility of current position but also helps entrepreneurs discover more opportunities for business growth. But more importantly, solid bookkeeping and accounting sheds light on the possible financial risks and helps entrepreneurs control unnecessary expenses. Bookkeeping & Accounting for Startups– Not Easy to Juggle: Bank statements, credit […]
The pandemic that struck in early 2020 has ravaged the entire economy with its ripple effects across every sector of industry. Though few sectors had to cop severe blows compared to others, we all can agree that cash flow has been a major problem for everyone in the market. Sales, Accounts Receivable & Accounts Payable […]