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Virtual Accounting Services: How it Will Help Your Business

Virtual Accounting Services: How it Will Help Your Business

Did you know that 94% of the accountants have adopted cloud accounting? With the technological capabilities of industries advancing rapidly, the day is not far when virtual accounting services will overtake the traditional mode of doing this job. The surprising […]

  • September 13, 2021
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Minimize the Possibility of Fraud by Outsourcing your Accounting Services!

Minimize the Possibility of Fraud by Outsourcing your Accounting Services!

Today’s business owners face great challenges in maintaining financial transparency and complying with government norms. Under such complex scenarios, it is advisable to switch to outsourcing services like auditing and accounting.  By outsourcing your accounting services to professionals in the […]

  • September 10, 2021
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Best Practices to Improve Ecommerce Accounting

Best Practices to Improve Ecommerce Accounting

Every eCommerce business, whether it’s run through Amazon, BigCommerce, Etsy, or Shopify, needs a robust accounting system in place to handle the financial aspects. Ecommerce accounting is a business’s foundation, and a solid foundation is necessary to keep a business […]

  • September 8, 2021
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How the Accountants Adapted to the Challenges Faced During Covid-19

How the Accountants Adapted to the Challenges Faced During Covid-19

In the world of business, organizations are facing some new challenges that could create a huge impact. For most CPAs, things have changed a lot and might never be the same again. With the moving time, people have switched towards […]

  • September 3, 2021
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Small Business Accounting: Closing of Books at the End of the Year?

Small Business Accounting: Closing of Books at the End of the Year?

Closing of books at the conclusion of each year is a traditional task, and an effective bookkeeping procedure simplifies the entire process. The closing process encompasses the year’s transactions and ensures an appropriate categorization.  Newly established businesses often encounter considerable […]

  • July 30, 2021
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Benefits of Outsourcing Accounting Back-Office Operations

Benefits of Outsourcing Accounting Back-Office Operations

The global Coronavirus pandemic has adversely impacted businesses across multiple domains. It has changed the definition of normal, and a new normal has taken over, forcing people and businesses to sustain accordingly. The nationwide shutdowns impacted a majority of industries […]

  • July 28, 2021
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Common Accounting Outsourcing Myths [Infographic]

Common Accounting Outsourcing Myths [Infographic]

Small business owners face daily challenges on many fronts, from generating customer happiness, to managing inventory, to promoting their products/services and to fighting competition. One of the most crucial ones is running an efficient accounting department.  A business owner often […]

  • September 30, 2020
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Pricing Options for Accounts Payable Outsourcing Services

Pricing Options for Accounts Payable Outsourcing Services

Accounts payable outsourcing is a process where accounts payable of a company is managed by a third party service provider. This means, as a business, you handover your accounts payable process to a company that specializes in it. Through account […]

  • August 20, 2020
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In-house Accountant VS Outsourced Accounting – The Better Option?

In-house Accountant VS Outsourced Accounting – The Better Option?

If you want to be a successful business owner, then you need to take care of more than just your market share. You must have details of all the accounting transactions in your business depending on the industry you belong […]

  • August 13, 2020
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The Role of an Outsourced Accounting Service Provider during COVID-19

The Role of an Outsourced Accounting Service Provider during COVID-19

The global pandemic, COVID-19, has impacted companies of every size as they are trying their level best to contend with economic and health challenges. Companies across the globe are operating as remote firms, working virtually from their homes, in an […]

  • July 31, 2020
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How Bank Reconciliation Works and Why It Is Important

How Bank Reconciliation Works and Why It Is Important

Reconciliation of your business bank account implies that you are comparing your internal financial records against the records supplied to you by your bank. A monthly bank reconciliation enables you to identify any suspicious transactions that could potentially be fraud […]

  • July 29, 2020
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Factors Influencing Finance & Accounting Outsourcing Success [Infographic]

Factors Influencing Finance & Accounting Outsourcing Success [Infographic]

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 helps the business owners to focus on core competencies. […]

  • June 12, 2020
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Benefits of Outsource Accounting Services During the Coronavirus Outbreak

Benefits of Outsource Accounting Services During the Coronavirus Outbreak

The Coronavirus pandemic has taken a heavy toll on the regular operation of almost every sector. Businesses have been adversely hit, leading to a shortage of staff and equipment, disrupted cash flow, and other anomalies. It is getting laborious for […]

  • May 21, 2020
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Everything You Need to Know Before Choosing QuickBooks Online or Desktop

Everything You Need to Know Before Choosing QuickBooks Online or Desktop

QuickBooks is a best-selling suite of programs by Intuit, designed exclusively to rationalize complex financial operations that include budgeting, expense tracking, payroll, inventory, and sales. The software caters to all the financial needs of a small business firm. Some of […]

  • April 29, 2020
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The Role of a Bank Reconciliation Statement in Safeguarding Your Business

The Role of a Bank Reconciliation Statement in Safeguarding Your Business

To be a successful business person, you can’t just focus on providing quality products and services to your existing customers, you also need to keep an eye on your finances. There has to be proper checks on all financial transactions […]

  • April 27, 2020
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The 8 Most Common Small Business Accounting Mistakes

The 8 Most Common Small Business Accounting Mistakes

Small business accounting is an organized process which helps in keeping track of the financial activities of a company. Bookkeeping, on the other hand, is a systematic process of keeping a record of every single company transaction. Both the processes […]

  • April 23, 2020
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Managing Your Accounting Operations During The COVID 19 Pandemic

Managing Your Accounting Operations During The COVID 19 Pandemic

The COVID 19 pandemic has hit the world just at the advent of a new financial year. The economy, on the whole, has been majorly affected due to this global mishap. However, our spirits are high, and humanity will bounce […]

  • April 21, 2020
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The Latest Outsourcing Trends That Are Likely to Shape the Markets in 2020

The Latest Outsourcing Trends That Are Likely to Shape the Markets in 2020

Outsourcing has been rapidly gaining popularity in recent times and has contributed to the reshaping of many industries, both within the country and outside. With the current changes in the world market, industries and organizations are using a lot of […]

  • March 18, 2020
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Strategies for Optimizing your Accounts Payable

Strategies for Optimizing your Accounts Payable

Are you losing your key suppliers due to an inadequate tracking system of recording the due dates for payments? Do you find that you are not able to avail the benefits offered by suppliers in terms of discounts offered for […]

  • February 6, 2020
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Bank Reconciliation Process: A Step-by-Step Guide [Infographic]

Bank Reconciliation Process: A Step-by-Step Guide [Infographic]

A bank reconciliation process is whereby you compare your business sales and expenses records against your bank’s records. The process verifies your accounting numbers, ensuring the balance on your books reflects those shown on your bank statement. Businesses ought to […]

  • January 31, 2020
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How to Handle Outstanding Accounts Receivables?

How to Handle Outstanding Accounts Receivables?

The financial strength of a business can be assessed as to how quickly it can convert its current assets into liquid cash. Outstanding accounts receivable represents the crucial component of current assets. Any businessman would like to have his cash […]

  • January 29, 2020
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Common Accounts Payable Challenges and Solutions

Common Accounts Payable Challenges and Solutions

The amount owed by the business for the credit purchase of any goods or services is termed accounts payable. Accounts payable is vital for any business and a blunder in the accounts payable process can incur huge losses for the […]

  • January 27, 2020
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Benefits of Having a Good Accounts Receivable System in Place

Benefits of Having a Good Accounts Receivable System in Place

Liquid Cash is the backbone of every business enterprise. It is imperative to have a proper rolling of finances to keep a business stable and flourishing at all times. A good accounts receivable system contributes majorly towards business growth as […]

  • January 24, 2020
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5 Key Accounting Trends to know for 2020

5 Key Accounting Trends to know for 2020

According to a report by Sage released recently, 67% of the accountants believe that their profession is now more competitive when compared to past years. 83% say that their clientele today has higher expectations from them if we compare to […]

  • January 15, 2020
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Bank Reconciliations – Best Practices to Follow

Bank Reconciliations – Best Practices to Follow

The article focuses on the four aspects of bank reconciliations to help understand the best practices that should be adopted in all organizations. It is imperative that bank reconciliations be a part of your accounting practices. Businesses can follow these […]

  • January 8, 2020
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Steps to Choose a Perfect Accounting Outsourcing Service Provider

Steps to Choose a Perfect Accounting Outsourcing Service Provider

Outsourcing is a ‘one size fits all’ remedy that seems to help with cost-cutting initiatives in major corporations to small enterprises. It was the Fortune 500 Companies that first demonstrated that organizations could focus on customer service if they outsource […]

  • December 11, 2019
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5 Key Parameters to Help You Choose an Accounting Outsourcing Firm

5 Key Parameters to Help You Choose an Accounting Outsourcing Firm

Businesses need an accounting firm to manage their financial accounts, bookkeeping, tax planning, and employee payrolls. While there are a plethora of accounting firms specializing in particular aspects of accounting rules, as mandated by the government and the banking authorities, […]

  • September 20, 2019
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Impact of Technology on Finance & Accounting

Impact of Technology on Finance & Accounting

For nearly ten years now, technology has been developing at a rapid speed. New devices, apps, and games have been developed, and social media is now used by the world’s businesses and or brands to promote products and to target […]

  • August 29, 2019
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7 Strategic Accounting Tips for the Success of Your Startup

7 Strategic Accounting Tips for the Success of Your Startup

Congratulations on starting your startup! Not all great ideas see the light of day, but your dream has turned into a reality. You have the product, the human resources and the marketing skills to ensure that your company takes the […]

  • July 31, 2019
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Outsource Accounts Receivable Services to Manage Your Business in a Better Way

Outsource Accounts Receivable Services to Manage Your Business in a Better Way

Accounts Receivables or AR can be explained as the dues from the credit customers or the clients. If you are not receiving your payments on time, then what you need is an efficient system that will help you get it […]

  • May 6, 2019
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Finance & Accounting – Profit from Outsourced Accounting Services

Finance & Accounting – Profit from Outsourced Accounting Services

To achieve success in business, we have to not only ensure that our existing customers are retained but also make concerted efforts to expand our horizons to acquire new customers. The bottom line for every business is profits, and we […]

  • April 22, 2019
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The New Revenue Recognition Standard

The New Revenue Recognition Standard

For almost all entities barring a few like financial institutions, revenue is the largest single figure in the financial statements. The figure ascertains an entity’s financial performance and position. While it might be accepted that profit is generally considered the […]

  • April 10, 2019
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The Pros and Cons of Outsourcing Accounting Functions

The Pros and Cons of Outsourcing Accounting Functions

Accounting is a requirement for all companies across industries. Therefore, hiring a in-house accounts personnel is a common practice. However, there is another alternative that most companies fail to consider due to misconceptions and other priorities. Outsourcing accounting tasks is […]

  • March 12, 2019
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Restaurant Accounting: How It’s Different!

Restaurant Accounting: How It’s Different!

If you are a restaurant owner, or a prospective accountant exploring various career avenues, you may have wondered how restaurant accounting might be different from other forms of accounting. It’s all relative and similarly structured in the full verse of […]

  • March 7, 2019
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Budget – The Key to Business Profitability

Budget – The Key to Business Profitability

Every business needs to have a revenue target which they need to fulfill within a given time frame. There may be deviations from the path to achieving the objective, but eventually, we can attain the goal if we have a […]

  • March 5, 2019
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Cost of Accounting Outsourcing Service for Small Businesses

Cost of Accounting Outsourcing Service for Small Businesses

Most entrepreneurs start their business with a passion to sell their product or service. Everything else involved in a business comes afterwards. When the firm is in its nascent stage, a company can afford to spend time on its core […]

  • January 7, 2019
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Forecasting: Introduction and Benefits

Forecasting: Introduction and Benefits

What Is Forecasting? Forecasting is the practice of using several statistical and accounting methods and techniques to predict the future of various aspects of the company like production, revenue generation, sales and selling price to name a few. This planning […]

  • November 26, 2018
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Common Accounts Payable Issues and How to Solve Them

Common Accounts Payable Issues and How to Solve Them

Accounts Payable (AP) is the amount of money which a firm is supposed to give a person or a company that provides them with goods or services. Therefore, it is quite significant to manage these accounts smoothly and efficiently, which […]

  • November 22, 2018
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Is Your Business Ready for the Year-End?

Is Your Business Ready for the Year-End?

Year-end is a time for reflection. It is the time to look back and redefine your companies vision and goals. But let’s be honest, this is a little difficult to do if your accounts are not in order. Keeping this […]

  • October 26, 2018
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Why It Makes Sense to Outsource Your Accounts Department?

Why It Makes Sense to Outsource Your Accounts Department?

In today’s fast-paced competitive world, businesses must focus on working to ensure that they maximize their revenue, translated as profits! While it is true that there will always be ancillary departments that will aid the revenue-making, growth and expansion of […]

  • October 18, 2018
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List of Accounting Outsourcing Companies

List of Accounting Outsourcing Companies

When it comes to running a business, Small and Medium Enterprises (SMEs) have to deal with a number of activities such as executing their core functions, dealing with clients, managing accounts, etc. However, all these can get taxing on the […]

  • September 12, 2018
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How Much Should You Be Paying for Accounting Each Month?

How Much Should You Be Paying for Accounting Each Month?

The process of accounting forms the thrust of every business functioning and is perhaps considered one of the most important finance-related administrative work that a management undertakes. Talking specifically about small and medium businesses, the accounting needs for such businesses […]

  • September 7, 2018
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Pros and Cons of Outsourcing Accounting [Infographic]

Pros and Cons of Outsourcing Accounting [Infographic]

According to recent statistics, 37% of businesses spend more than USD 5,000 for the administration of finances and 33% of these firms devote more than 81 hours on finances every year. Whether you run a real estate business, textile firm, […]

  • September 5, 2018
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Top Accounting Challenges Small Businesses Face

Top Accounting Challenges Small Businesses Face

Being a small business owner isn’t easy. You have to manage everything on your own. From marketing to customer relationship and things such as accounting, management etc. A business depends a lot on its finances, and you can’t manage finances […]

  • July 20, 2018
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Why Accounts Payable is Important for Cash Management?

Why Accounts Payable is Important for Cash Management?

How is the success or failure of a business judged? Profits. There are two main factors that affect the profits of a company the money that comes in and the money that goes out. Accounts Payable deals with the second […]

  • July 19, 2018
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Accounting Outsourcing Predictions for 2018 and Beyond

Accounting Outsourcing Predictions for 2018 and Beyond

Accounting outsourcing is a trend that is on the verge of seeing a great transition. With available resources and advancement in technology, this sector will experience high demand in coming years. The outsourcing industry has seen a rise from 76.9 […]

  • July 17, 2018
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Preparing for the New Lease Accounting Standard

Preparing for the New Lease Accounting Standard

The Financial Accounting Standards Board and the International Accounting Standards Board issued new accounting standards in 2016. The new standards that are set to take effect in January 2019 redefine how organizations will recognize lease liabilities and assets on balance […]

  • July 6, 2018
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Things You Need to Look for while Outsourcing Your Accounting

Things You Need to Look for while Outsourcing Your Accounting

One common mistake that small businesses and startups make is not going for the help they can easily get. It is naturally assumed that accounting should be handled in-house, hence, unnecessarily increasing the burden and inevitable challenges. Accounting and bookkeeping […]

  • June 25, 2018
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Best Practices to Optimize your AP Process

Best Practices to Optimize your AP Process

Handling and managing accounts payables (AP) is barely considered a core business function. Unfortunately, most real estate businesses focus more on marketing strategies and making sales than managing accounts payable properly. However, poor management of the process can ruin a […]

  • June 21, 2018
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Finance and Accounting Outsourcing: 5 Motivations Beyond Cost Cutting and Delivery

Finance and Accounting Outsourcing: 5 Motivations Beyond Cost Cutting and Delivery

The business process outsourcing (BPO) industry came into existence by the end of the last century, but adoption picked up pace around a decade later with the explosion of the internet globally pushing its progress. The first generation of BPO’s […]

  • June 19, 2018
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Accounting Tasks That Should be Done on a Weekly Basis

Accounting Tasks That Should be Done on a Weekly Basis

Managing the accounting activities of your business seems a tiresome task but it is still an important one. You can’t turn a blind eye to your financial activities as these are required to run your business efficiently. However, we not […]

  • May 22, 2018
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Accounting Outsourcing Trends for 2018

Accounting Outsourcing Trends for 2018

Reducing the cost of operations and acquiring better talent at the same time is the aim of every company. Outsourcing has garnered fame precisely for this reason. It gives companies access to cheaper but more talented workforce. However, the accounting […]

  • April 30, 2018
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Simplify Your Accounting Processes by Outsourcing

Simplify Your Accounting Processes by Outsourcing

Accounting is one of the most outsourced business functions, especially among start-ups. Businesses outsource accounting functions with the aim of getting accurate and well-formatted financial reporting at the least effort and cost possible. Outsourcing accounting processes entail hiring an independent […]

  • April 27, 2018
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Understanding Accounting Outsourcing Services: A Simple User Guide

Understanding Accounting Outsourcing Services: A Simple User Guide

Many businesses, organizations and startups find it hard to manage their accounting such as preparing financial statements, analyzing data, preparing invoices and managing bank accounts. Even after hiring a dedicated professional, various factors come in the way of efficient execution. […]

  • April 24, 2018
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Should Real Estate Firms Outsource Their Accounting

Should Real Estate Firms Outsource Their Accounting

Real Estate Accounting embraces or covers the accounting rules for any kind of real estate transactions that can be used to structure real estate deals appropriately. Real estate firms need to fully understand their current financial accounting, regulatory and compliance […]

  • April 2, 2018
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Things your Accounting Practice Should Consider when Moving to Cloud

Things your Accounting Practice Should Consider when Moving to Cloud

The advantages of the cloud-based accounting system are many. However, before migrating to the cloud, companies should evaluate the pros and cons of the migration. The following points will help your accounting practice determine if moving to the cloud is […]

  • February 16, 2018
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Choosing an Accounting Outsourcing Partner – A Checklist for UK Accounting Firms

Choosing an Accounting Outsourcing Partner – A Checklist for UK Accounting Firms

Accounting outsourcing has emerged as one of the most rapidly growing outsourcing sectors with cost reduction as its main driver. However, finding an outsourcing partner who really understands the needs of your accounting firm and allows you to have a […]

  • January 31, 2018
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Guidelines to Successful Outsourcing of Accounting Processes

Guidelines to Successful Outsourcing of Accounting Processes

Outsourcing has been steadily becoming main-stream even in mid-size companies over last five years driven by the successful case studies in large organization, greater awareness, the explosion of cloud computing and falling costs of communication. This article aims to be […]

  • April 21, 2017
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Accounts Payable Outsourcing Services

Accounts Payable Outsourcing Services

In recent years business owners are under incredible pressure to trim costs of finance and accounting departments to boost productivity, increase profitability and assign strategic value to it. Accounting outsourcing is often looked as the source to achieve significant cost […]

  • March 14, 2017
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Data Security Measures in an Outsourced Accounting Process

Data Security Measures in an Outsourced Accounting Process

Every outsourcing arrangement should be equipped with technology that ensures data security to maintain confidentiality of client information and other details. Thorough standardized procedures that are enforced to regulate data security within the enterprise can transform any business. Securing the […]

  • March 8, 2017
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Benefits of Accounting Outsourcing – An Overview

Benefits of Accounting Outsourcing – An Overview

Specialization has become the norm of the present times. These days when it comes to the challenging business environment, specialization not only leads to effective functioning of the business but also cuts down on costs. This is the reason why […]

  • March 3, 2017
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Accounting Outsourcing for Ecommerce Firms

Accounting Outsourcing for Ecommerce Firms

The e-commerce industry has transformed the competition when it comes to growth. Today, more and more consumers are moving online as they are now gaining access to levels of ease and transparency far ahead of what long-established retail set-ups can […]

  • February 20, 2017
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Accounts Receivable Outsourcing Services

Accounts Receivable Outsourcing Services

For small business owners, time and money is the most precious asset. To gain maximize results, you and your employees will need to dedicate the attention to sales, marketing and raising capital so that the company can keep growing. Although […]

  • February 15, 2017
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Accounting Outsourcing Services – An inexpensive way to grow!

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 […]

  • January 30, 2017
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Accounting Outsourcing for Startups

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 […]

  • January 27, 2017
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Small Business Accounting Outsourcing – An Inexpensive way to Grow!

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 […]

  • January 24, 2017
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Common Accounts Payable Outsourcing Myths [Infographic]

Common Accounts Payable Outsourcing Myths [Infographic]

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 […]

  • January 23, 2017
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Common Finance and Accounting Processes being Outsourced

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 […]

  • January 18, 2017
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Maintaining Data Security While Outsourcing

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 […]

  • January 13, 2017
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Tips for a Faster, Better Month End Close

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 […]

  • November 22, 2016
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Outsource Accounting to India

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 […]

  • June 5, 2015
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Online Accounting Services

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. […]

  • May 13, 2015
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How can Good Accounting Practices be Healthy for your Business

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 […]

  • May 8, 2015
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Looking forward to transforming your accounts payable department into a profit center? Here’s something that you need to do!

Looking forward to transforming your accounts payable department into a profit center? Here’s something that you need to do!

In the present scenario, business centers are being constantly faced with a challenge to extract the maximum out of their available financial resources. In order to do so, many are resorting to cost cutting as well. However, the thing about […]

  • March 24, 2015
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Accounting Outsourcing Services: An Overview

Accounting Outsourcing Services: An Overview

In today’s high pressure environment, there is a pressing need to optimize performance and achieve operational efficiency. With ever regulatory nuances and compliance requirements constantly changing, it is safer to entrust essential services to those who understand it. Due to […]

  • March 19, 2015
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Why Should One Outsource the Accounts Management Processes of a Business

Why Should One Outsource the Accounts Management Processes of a Business

Well, for one reason that it means one less thing to bother about for the business! Not having to keep track of all the transactions – be it small or big – keeping the books updated is one hell of […]

  • December 26, 2014
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