Archive by Author

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 […]

Read More →

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 […]

Read More →

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 […]

Read More →

Summary Note on 1031 Exchanges

Introduction to 1031 Exchanges Section 1031 of IRS code is the basis for tax-deferred exchanges, therefore it has been abbreviated as “1031 Exchanges”. Taxpayers who want to reinvest from sale of property never have to pay income taxes if they intend to reinvest the proceeds in similar kind of property. 1031 Exchange means there must […]

Read More →

A Comparison of the best Commercial Property Management Software’s

Commercial property management requirements are different from residential properties whether it is office space, retail or industrial. Good commercial software should be able to create detailed financial projections and budgets, to auto calculate rent increases, to create recurring charges, to calculate expense recoveries and common area management (CAM) charges and to perform reconciliations. Common features […]

Read More →

Tips for a Faster, Better Month End Close

Survey results done by a leading software firm: A mere 28% of the respondents trust the numbers reported in month-end close 90% of the respondents are under pressure to close faster About 39% of the respondents are satisfied with the time and quality of their closing process Even companies with fully automated closing processes take […]

Read More →

Property Management Accounting Software: The Benefits

There has been a significant rise in the use of several web-based property management software customized to suit specific business needs of the industry. This allows business owners and employees a number of features that the more generic accounting systems do not. In addition to the standard financial reporting and payroll, these programs allow you […]

Read More →

Outsource Accounting to India

In general, outsourcing is a trend that has been on the rise due to several obvious advantages. The market place is a high-pressure environment. With competitors constantly cutting into your profit margins and market share, the only area that you can try and out do them is by being more operationally efficient. For the best […]

Read More →

Online Accounting Services

The rapidly evolving online accounting systems have now given business owners the freedom and the flexibility to choose how they manage their finances. Administrative functions can be viewed and performed on the go today contributing to the efficiency of transactions. There are elegant, sophisticated software available to do your books, review and analyze your finances. […]

Read More →

How can Good Accounting Practices be Healthy for your Business

The word start-up is a trending word today! Almost every capable and aspiring entrepreneur wants to get a shot at them. What’s even better is that the stories of start-up success stories are ample which gives all of us more hope. But, on the flip side, the story is a little different! Start-ups do succeed […]

Read More →