Client: A wine company based in United States exports wine wholesale to businesses and retail to individual customers. Accounting challenge: The wine business has been facing lot of accounting problems which seem to interfere with regular operations and financial performance of the business. Not having an adequate record of profit and loss accounts, balance sheet, scheduled […]
Client: An event management company based in Atlanta, GA, United States, provides comprehensive catering, floral, design and decor services to corporate, wedding and social events. They manage an average of 2000-2200 events every year and as a result, there are always in need of top-notch accounting work which they weren’t able to receive in past few […]
Client: A reputed real estate company headquartered in New York that is focused on acquiring, owning, and operating real estate assets in all major US real estate markets. The company employs 200-250 people and clocks in a revenue of $15M – $25M. Yet they are constantly plagued by stifling problems in Accounts Payable and Account […]
Congress has passed the much-awaited Coronavirus Aid, Relief & Economic Security Act (CARES Act) to help individuals and businesses severely affected by economic damage that ensued due to the Coronavirus pandemic. The CARES Act entails a $2.2 Trillion emergency relief package that is infused into the economy by providing economic relief and aid to American […]
Accounting outsourcing is a done thing in today’s digital world. Many entrepreneurs feel wary of the idea in the first instance. It is needless to say that whether it is information technology or administrative tasks, outsourcing has its own benefits in a unique manner. To some, outsourcing may be a foreign idea but trust me; […]
Small business has to think about every matter which affects the business and its productivity. There are several methods of payment followed in an organization to pay salary to the staff for their deliverables. May it be a piece-rate system, time wage system (hourly), monthly salary or sometimes project-wise. It has been seen when the […]
The occurrence of economic downturns can not affect innovation in the field of accounting. The accounting industry is still dynamic. Every day new organizations are being established and the accounting professionals are in demand. No business can run without the help of accounting and bookkeeping services. Starting from bookkeepers, accountants and auditors there will be […]
The term accounting outsourcing is not new for anyone in this digital era. Like any other business process, it has its own advantage and disadvantage. Before going to discuss the pros and cons of accounting outsourcing, let’s have a clear understanding of accounting outsourcing services. Many people do not know what exactly the tasks assumed […]
Identifying the profit margin is complex job for any business. If you are a product-oriented company then it is easy to quantify your output and sales. Hence it is difficult for the service companies to ascertain the profit margins. To know whether the business is getting good ROI a correct evaluation of profit is required taking […]
Outsourcing is not a new concept for the accounting industry. Due to its wide benefits, it’s getting popular among the community. The European countries and the United States, are pretty well familiar with the process. It is nothing but the delegation of non-profitable business processes to specialist hand. The process of outsourcing is not […]
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