Archive | January, 2017

Accounting Outsourcing Services – An inexpensive way to grow!

Accounting is vital for any organization as it contains important information about the financial dealings carried out in day-to-day activities of the company. It is an extensive and intricate work to keep the track of all the sale, purchase, payments and receipts of the company transaction. This data makes the base for the reports to […]

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Accounting Outsourcing for Startups

Early days in a new business are difficult. In order to succeed and grow the business it is important that the primary as well as the supporting activities of business is taken good care of. There are numeral piece that have to fit together — mainly in the beginning for it to work progressively. The […]

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Importance of Bookkeeping

Bookkeeping is coined by two words ‘Book’ and ‘Keeping’ where ‘Book’ means the set of financial transaction and ‘Keeping’ means preservation.  So bookkeeping means the process of maintaining financial transaction.  Sales, purchase, earnings and payments are all carefully documented so that all the inflow and outflow of money is accounted for. Hence it is an […]

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Small Business Accounting Outsourcing – An Inexpensive way to Grow!

Accounting is an indispensable part of running a business.  For a successful business it is imperative to follow basic accounting practices. A proper accounting system is necessary because the details may be required for legal purpose, to file tax returns or to apply for loans while expanding the business. Accounting can be boring, but cannot […]

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Accounts Payable Outsourcing

In today’s competitive business where information is required on your fingertips, Accounts Payable management is one of the most essential tasks for businesses. Lack of it will reflect poorly in vendor relationship, cash saving policies and working capital, eventually affecting the overall profit. The option of outsourcing accounts payable services can be favorable for your […]

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Factors Influencing Finance & Accounting Outsourcing Success

Outsourcing Finance & Accounting (F&A) role has been a popular trend today. The main benefits of accounting outsourcing include cost reduction, efficient processes, and accurate reporting. Aside from this, it has also helped the business owners to focus on core competencies. Outsourcing the Finance and accounting function decision will have a long-lasting impact both on […]

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Common Finance and Accounting Processes being Outsourced

Finance and accounting is one of the back-office processes that companies outsource, and the practice continues to thrive.  As the market is growing, firms are discovering new ideas and looking for new answers to simplify F&A processes. Companies are trying to expand the outsourcing process into new areas of finance and accounting and new business […]

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Maintaining Data Security While Outsourcing

Outsourcing is a common practice these days. From front desk to back office, human resource to accounting. Outsourcing comes in many different approaches – which provide a positive aspect on the cost savings front. But with the benefits of cost reduction, better efficiency, the expertise of outsourcing comes a requirement to provide outsourcers with access […]

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Cloud Based Tools Facilitating Outsourcing

Information technology has undeniably changed the way in which firms simplify their processes and expand their business vision. The outsourcing companies are continually expanding their horizons to give the best of the service efficiently to their customers. Cloud based accounting services; the data is stored in remote external server and can be accessed through the […]

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