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Effective Inventory Management Tips in 10 Steps

Inventory Management has been a topic of much interest in business management discourse in the aftermath of the Covid-19 pandemic. With major supply chain delays and surging demand, businesses saw their inventory management functions struggle to cope with the sudden influx of demand with limited supply. A post-coronavirus 2020 survey by Statista on the matter

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Effective Trade Promotion Management Leveraging EA Staff Augmentation Services

Trade promotion management leveraging staff augmentation services is a novel concept successfully implemented by Expertise Accelerated CEO Haroon Jafree – a Connecticut-based CPA – leveraging his decades of US CPG industry experience and niche expertise revolving around trade promotion management, business process reengineering, and cost optimization. Defining Trade Promotions Companies’ investment in price discounts, seasonal

Benefits of offshoring accounting business by expertiseaccelerated

Benefits of Offshore Accounting for Business

Offshore accounting is becoming increasingly popular for businesses to cut costs and access skilled workers. A study found that about 40% of US companies outsource some accounting functions to other countries. What is Offshore Accounting? Offshore accounting is a professional service in which financial records and statements are managed and maintained by an accounting firm

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What Are Liabilities in Accounting? Comprehensive Guide

Liabilities in accounting can be thought of as a company’s financial baggage. They represent debts or obligations that the company owes to others. Some liabilities are short-term while others are long-term. By understanding and managing their liabilities, companies can manage their load and move forward with a clear financial path. What Are Liabilities in Accounting?

essential accounting tips for manufacturing business

Essential Accounting Tips For Manufacturing Business

The manufacturing industry is expected to rise in the U.S. in the next coming years. According to Statista, the manufacturing industry added 2.56tr USD of real value to the U.S. GDP. Despite the rising interest rates, year after year, factories in the U.S. keep pumping out product after product to meet the infinite demands of

Accounts Payable Trends

Top Accounts Payable Trends to Look Forward to in 2025

Accounts payable refers to a business’ short-term obligations, i.e., the money owed to the vendors for purchases made on credit. AP optimization has an important role in a company’s financial/cash flow management, as timely and accurate payment of such obligations helps with maintaining cordial working ties with the suppliers. As we move into 2025, there

Accounting for Medical Practices

Accounting for Medical Practices: Tips and Guides

Accounting is the least of medical students’ worries as they work their way to becoming full-fledged medical practitioners. Nevertheless, accounting remains a critical part of their life as these new doctors start up their own medical practices. A medical practice such as a clinic is no different from other businesses, and as such, a working

5 Question To Ask Accounting Firms! Before Hiring Them

In an earlier article titled “6 Essential Benefits to Outsource Accounting Operations!”, EA highlighted the many benefits businesses can reap by opting to hire an accounting firm to handle their accounting needs. Hiring an accounting firm is a major step for a business. It signifies that the business has now grown into something far greater