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 […]
Bookkeeping and accounting which were associated with cabins of ledgers, reams of papers-receipts, bills and record books were transformed into an advanced paper-less process in this decade; all thanks to cloud accounting software and tools. The same cloud accounting tools also enabled the next logical step in this evolution – virtual bookkeeping and accounting. A […]
Often businesses increase sales by liberalizing their AR policy which leads to overgrown Accounts Receivable that are harder to collect. The longer one waits for Accounts Receivable harder it is to convert it to cash. Over time these problems grow, pile up and cause cash flow problems. As a remote accounting firm that has been […]
Accounting technology is always in flux and is constantly evolving. The productivity optimization accounting technology offers, the efficiency it delivers and the money it saves are directly proportional to the sophistication of technology (and also their fit). A business that is looking to gain an edge over the competition or a CPA firm that is […]
No other accounting function has as much sway on the business cash flow and bottom line as Accounts Receivable. Being the lifeblood of a business in terms of revenue Accounts Receivable is the critical aspect of business accounting that needs to be efficiently managed for smooth business operations. However, the majority of the businesses face […]
As the most important event in a monthly accounting cycle, the month-end close process is where all transactions are accounted for, balances are finalized, and reports are generated to provide key insights to aid in decision making. An efficient and accurate month-end close process is key for setting up a reliable accounting system. It improves […]
One of the biggest accounting challenges faced by businesses all around the world is lack of consistent cash flow and lack of efficient Accounts Payable Process one of the major causes. However, the problems caused by inconsistent AP doesn’t end there. Problems in invoice processing and the AP problems that follow can impact the production […]
Payroll processing and management are not as simple as everyone assumes them to be. Efficient payroll processing at scale is a complicated task to accomplish without external assistance from outsourced accounting firms or payroll service providers. Payroll processing is laden with so many complex tax regulations at the state, federal and local level that errors […]
Paying tax is the basic responsibility of every citizen of the country. As a good citizen, it is our responsibility to comply with all the regulations of the country. People earn through many sources. We need to show all our income while paying income tax. Many people do not have a proper idea of filing […]
