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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 the conditions five years back. Technology has transformed every department of the professional world, whether […]

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Bank Reconciliation – Best Practices to Follow

The article focuses on the four aspects of bank reconciliation to help understand the best practices that should be adopted in all organizations. It is imperative that bank reconciliation be a part of your accounting practices. Businesses can follow these steps to avoid confusion, foresees accounting pitfalls, and ensures the highest standard of accounting. Compliance […]

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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 non-core accounting activities. With communication and technology becoming more affordable, accounting outsourcing has become the […]

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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, businesses depend on accountants and or accounting firms for several financial requirements. This article will […]

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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 customers. Just like other fields and industries, the financial services industry is where professionals keep […]

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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 market by storm. There is, however, one major aspect that you need to address – […]

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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 done without wasting your time. And we have just what you are looking for. There […]

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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 need to assess the contribution of each business function to the business profitability. One of […]

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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 most important single pointer of corporate financial performance, revenue does not fall far behind. The […]

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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 a possibility worth considering. But is it the perfect match for you? Let us see […]

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