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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. Outsourcing the finance and accounting function decision will have a long-lasting impact both on the […]

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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 organizations to manage internal processes, such as accounting, considering that it requires the highest level […]

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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 us even use it for personal accounting, though it’s explicitly designed to truncate the complexity […]

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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 taking place, ensuring that the funds of the company are not being misused. One of […]

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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 are intertwined and important as bookkeeping offers valuable data and accounting empowers the company to […]

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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 back with more confidence and enthusiasm on the business front soon. Even though business operations, […]

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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 outsourcing trends to gain influence as well as plan different strategies for it. It is […]

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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 early payment? If these are regular problems faced by you, then you certainly need to […]

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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 run a bank reconciliation process every end month. Once you acquire your monthly bank statement, […]

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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 collection cycle to be minimum and in line with their cash payment cycle. A business […]

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