Every business operation requires an essential aspect known as the order-to-cash cycle. It is a process that initiates with an order received from a customer and ends with the successful collection of payment from them. Accounts receivable management and payment collection from customers are crucial steps in this cycle. To increase business efficiency and enhance […]
An unsteady cash flow is a sign of inefficient Accounts Receivable. But when one experiences the heat of cash flow problems, most business owners wouldn’t have time or leisure to fix the Accounts Receivable. This is also why 80% of small and medium businesses fail due to cash flow problems. 5 Signs Your Accounts Receivable […]
Being a remote accounting firm that specializes in bookkeeping services we regularly work with businesses that need to optimize their bookkeeping functions for better performance. In 100+ cases we have worked on so far, there tends to be a few common mistakes which when prevented could have saved hundreds of working man-hours and dollar. Any […]
CFOs are a financial wizard who manages and monitors all the financial activities of the business. They manage all the financial and accounting requirements of the business and unlock new insights to maximize profits. A start-up that needs an expert hand in financial analysis, budgeting and forecasting, an SMB that needs to make data-driven decisions […]
Outsourcing payrolls can substantially reduce your workload and save a lot of time and money. It lets you take care of other important things and concentrate on the growth of your business. Hence, many companies are now turning to payroll outsourcing services. This outsourced service can help you efficiently issue payrolls and maintain a detailed record […]
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 […]
Accounting is rated among the hardest jobs to fill in the US. As you hold this fact in your hand, now know that the job growth rate of accountants and bookkeepers is 10% lower than that of other professions. So, even though the job to applicant’s ratio shifts in favour of employers, it has become […]
The pandemic has finally accelerated the adoption of Outsourced Accounting Services. Despite the growing popularity of remote accounting firms, pre-pandemic, it was COVID-19 that triggered the switch. Not so surprisingly, it was also the 2008 crisis that first resulted in the aggressive growth of the outsourcing industry. Benefits of Outsourced Accounting Services: Outsourcing the accounting […]