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. […]
Businesses from across the globe are starting to understand the value of outsourcing their non-core functions, such as accounting and finance services. Outsourcing these non-essential tasks allow organizations to keep their focus on more critical tasks so that the business can stay competitive, along with many other benefits that outsourcing has to offer. Today, CEO’s […]
Outsourcing finance functions — like auditing, tax consulting and payroll processing — has been going on for many years. But today, companies increasingly are asking solution providers to manage business processes on more of a turnkey, full-service basis, rather than transnational or processing services. Suppliers like Exult and others lend credibility to the value that […]
Bank reconciliations are no one’s favorite chore but they are very necessary. Whether you have a staff accountant, use a computer program or keep your books by hand, reconciliations should be done promptly every single month to catch errors. Even if you have strict controls in place, human errors can and often do occur. […]
Every business organization has its success collectively dependent on financial, HR, and management department. If any of these departments slag behind in performance the success ratio of the company fall down. Financial department or rather call it as an accounting department is one where calculation of monetary transactions that took place over the span of […]
A new article helping small businesses owners and accounting firms to learn how they can successfully outsource their financial and accounting business processes like bookkeeping, account payables, account receivables, Tax returns, etc to offshore vendors. Unlike big corporations who offshore Financial & Accounting business processes, for a small business it is an arduous task. Big corporations […]
The director of https://outsourcedbookeeping.com/ Mr. Sunil Khullar recently expanded their services for the business community in New York and other states in the East coast of United States. The company provides accounting and financial bookkeeping for your business that will save you 50% compared with regular inland services. Outsourced Bookkeeping will help you with the […]
Allowing customers to take delivery of good and services on credit encourages them to buy more, which raises sales. Offering discounts to customers who pay quickly can encourage them to settle their accounts and keep revenue flowing well. There will also be times when items will be returned. Using Quickbooks to create invoices, track payments […]
Keeping your small business running smoothly requires keeping accurate financial records. You don’t need to be a master bookkeeper to handle the day-to-day record keeping for your business. Decide which accounting system works best for your business: cash or accrual. Cash method counts income as soon as it comes in and expenses as pay them. […]
Outsourcing has always been associated with private businesses, from small and medium enterprises to large multinational companies. In the midst of an economic slowdown, there are other organisations that can benefit from outsourcing. Non-profit Organisations Non-profit organisations have a different financial structure compared to businesses. They are under specific and strict tax laws. Their cash […]
