The accounting world has always been a traditional and risk-averse field. The entire process and operations always follow a measured approach with little help from technology. Having worked with hundreds of CPA firms as a remote accounting partner we know how the majority of them are still reliant on conservative methods – why not, having […]
The Client: A leading real estate management company that acquired and managed more than 10,000 single-family homes in the state of Maryland. Challenge: The real estate company have thousands of scheduled payments, AP, AR and payment adjustments to make which eats away the majority of their time at hand. The total Accounts Payable bills stand at […]
COVID-19 has transformed the accounting landscape. The unpreceded crisis scarred the economy and amplified the strategic accounting needs and requirements of every business. Today, every business – small, medium or large is looking for accounting services that are augmented with strategic advisory and consulting – a good news for CPA firms. The pandemic accelerated the […]
Start-ups owner multi-task their way out of bookkeeping and accounting and a few even succeed with great effort. However, as the business grows, the numbers rise and so do the insights and the opportunities they open up. Only an experienced CPA can help you glean these insights and provide you with action steps that help […]
Tax deductions can serve as incentives to help taxpayers reduce their tax liability. But this is possible when they can are completely aware of all the possible opportunities for deductions. While large enterprises have their accounting department with tax specialists to leverage these deductions, small business owners tend to miss out on these potential savings […]
One of the primary reasons for duplicate payments in Accounts Payable is the lack of right information stored at a centralized location. Having a master data portal with Vendor Master Data (VMD) reduces data inaccuracies and account delinquencies. By ensuring all the product detail, service level agreements, quality standards, delivery timelines, and payment information details […]