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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 is extremely important to identify where to divert the resources so that the company may […]

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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 can be provided by Accounts Payable Outsourcing which is a service provided by Offshore Accounting […]

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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 in mind, we at OHI have compiled a simple year-end accounting checklist for your business. […]

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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 the company, companies must decide how many of such ancillary departments are they willing to […]

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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 business operations in the long run. To help such businesses manage their routine workload, accounts […]

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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 vary greatly. For instance, a small business that has just started its operations may only […]

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Pros and Cons of Outsourcing Accounting

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, a digital marketing agency or any other industry, every small business needs to manage its […]

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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 successfully before first managing the accounts efficiently. Primarily, accounting consists of recording, summarizing, analyzing and […]

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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 part. Accounts payable deals with the money that the company has to pay to various […]

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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 billion USD in 2017 to 88.9 billion USD in 2018. In the following years, this […]

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