Falling out of nowhere, the pandemic has to create havoc across all the sectors of the industry, similar to the recession that loomed in 2008. While 2008 was only a financial crisis, this pandemic had been global health and socio-economic crisis whose impact is yet to be discovered and measured fully. The pandemic, and the […]
Outsourcing crucial yet non-core activity like Bookkeeping & Accounting is extremely important for every Small and Medium Business looking to thrive in this global economy. If you are a start-up founder and entrepreneur who is looking to ramp up your business growth there surely comes a point where outsourcing can help you improve your […]
Outsourced bookkeeping and accounting gives a simple and easy access to expert bookkeeping and accounting services that save time & cost and give you the ability to scale your services and systems at will. But all this is only possible when you chose the right firm to outsource your bookkeeping and accounting services. The majority […]
Accounting which is notorious for large volumes of data, documents, numbers and sheets require a powerful accounting solution. A slew of accounting software came into the picture to solve the age-old manual accounting problems which are daily dabbled by accountants with never-ending rows and column so excel sheets. And QuickBooks is the most powerful, user-friendly […]
The majority of the small and medium business use Quick Books to manage sales, customers, vendors, invoices, expenses, file taxes, generate cash flow statements and create reports and all the other financial activities. QuickBooks has made the life of a small and medium business much simpler and comfortable with its powerful and versatile accounting solutions. […]
Artificial Intelligence with its application, has taken the world by storm across all industries, Accounting and finance are no different. AI in accounting has proven to simplify complex operations, automate manual and menial workflows, reduce costs, and improve accuracy, productivity and also compliance. The big 4 in the accounting industry due to their foresight investments […]
‘You can’t improve what you can’t measure’ is the adage that rings true for every accounting function, even more so for the Accounts Payable. Most businesses see Accounts Payable only as a payment function & cost centre and focus on decreasing the cost per invoice as much as possible which though helps, is the unprofitable […]
Financial mismanagement is often the most common reason why even the most promising start-ups fail to take off and eventually de-rail. In fact, to a research study that is conducted to know the reasons for the failure of start-ups, guess what came on the top – cash flow problems. The bigger their idea, the heavier […]
Unoptimized working capital management can pin down the free cash flow and impede the business growth even with thriving sales and revenue. Small and medium business who often multi-task theirs out of accounting look at every potential cause of this working capital problem except where it truly matters – Accounts Payable. It is 2021 and […]
Accounts Payable is a simple process – said no one ever. It can be intensive and taxing when not managed well, especially for small and medium businesses. Even businesses with well-established AP process make mistakes which overtime can corrode their accounting process. And this why an AP specialist must watch-out for mistakes that can creep-in […]
