In the digital industrial age, all the entrepreneurs are smart enough to comply with the latest technology. All are competent. All have the access to infrastructure and all. The industry has become very competitive. So, how to survive in the niche? Everybody has the knowledge and know-how. Then how to distinguish yourself from the crowd? […]
The digital industry expects the accounting environment to be a little more innovative. Gone are those days where the traditional way of doing business was enough to run the organization effectively. Nevertheless, the industrial requirement has changed. Now to cope with the required changes you need to be smarter enough regarding implementing business dynamics to […]
We the entrepreneurs dedicated more of our time to business. However, are we getting the proper outcome? Are we getting benefitted accordingly depending upon the time devoted to the business? The answer is ‘No’. We do not. But why? Did you ever try to analyze the matter? The major business owner gives most priority to […]
The Bookkeeping task is one of the most significant activities of the organization. It requires utmost level of trust as the department deals with vital information about the company. We do agree in the implementation of outsourcing. However, finding a right fit for outsourcing your accounting task is a sensitive issue. It is important to […]
The business environment is changing every day and accounting industry is not different from the league. Now the world is changed. Entrepreneurs whether big or small do not really want to get involved in the traditional paper-based bookkeeping work. They find it monotonous and prefer to run across out of the mess. That’s the reason […]
Accounting activities are indispensable to any organization. It is a routine activity required to be carried out throughout the year without fail. The process of recording the financial activities enables the organization to ensure the financial stability of the business. Often it is significant to some financial institutions to portray an accurate picture of the […]
Not very long ago, when she left her job as a law firm manager. Laura Lee Sparks knew it from the very early that she cannot handle all the tasks for her startup. So she got into hiring an outside bookkeeper and delegate the finance and accounting activities to the virtual team. In this way, […]
Any business be it small or medium or large, it runs on the engine of cash flow. Cash flow addresses how a business gets money (from its sales and investments) and also the ways in which it spends money (on operating expenses, capital investments, taxes and interest). For a business to grow while leveraging the […]
Whether you keep your own books or outsource the bookkeeping to a dedicated professional, it’s important to have a good grasp on bookkeeping basics. We all know our bank account debits and credits but what about all those other accounts we use? Here’s a handy acronym to help you remember how to record transactions properly. […]
Outsourcing is a term which has been catching on during the last five years. Although its definition is difficult to find in a standard dictionary, for those of us who consult with CPA firms, it’s a familiar term and offers an extremely effective way to cut the costs of delivering services while maintaining, if not […]