Bookkeeping is the process by which a company records its financial transactions on a day-to-day basis. It can be a daunting task for business owners who may be occupied with the overall management and strategic decision-making of the business. Thus, business owners can consider streamlining and automating their bookkeeping so that they can have accurate
In the US, skilled professional accounting resources are in high demand with a relatively short supply in 2022. In the aftermath of the Covid-19 pandemic. Businesses worldwide are left with numerous job openings without the talent to fill them. Combine this predicament with today’s highly dynamic business trends. It requires businesses to have skilled talent
Accounting is often regarded as the “language of business”. It is a track record of a company’s revenues and expenses and assets and liabilities. An affordable accountant may perform daily finance-related tasks that may include collections, cash application, bookkeeping, billing, payroll processing, etc. Well-versed accountants can tell a lot about a company just by looking
As stated in our earlier publication “Why is Staff Augmentation Vital for US Companies Today?,” staff augmentation is the process of augmenting a company’s workforce using manhours and/or expertise hired from third-party service providers. From an outsourcing perspective, this is generally perceived as body shopping in which a third-party service provider recruits and retains staff
In business circles, it is common to hear jargon like “debit” and “credit” frequently used in conversations. Entrepreneurs setting out for the first time into the business landscape may find this jargon difficult to understand. There is always the chance of mistaking it for the more colloquial use of the words, such as in “debit
Revenue generation is always a top priority for any business. Customer satisfaction is, therefore, immensely important for businesses if they wish to maintain customer loyalty and build a strong brand. Evaluating and optimizing the order-to-cash fulfilment process is the best way you can achieve this. The order fulfilment process is the business operation that customers
In the tumultuous business climate that has persisted since the beginning of the decade, now more than ever businesses need ways to cut down costs and maximize revenue to stay standing. With consistent external roadblocks such as Covid-19 and the tense geopolitical situation in different parts of the world plunging the global economy into recession,
Compared to the ideas and practices that have dominated the discourse in business management and methodology for decades, international outsourcing is still conceptually in its infancy. Simply put, there is an air of skepticism in the business community regarding the viability and value of outsourcing functions of a business to an external agency. In his
Bookkeeping refers to the process of regularly tracking and recording the financial data of a business in the books of accounts. Bookkeeping is an essential responsibility when running a business, it is virtually impossible to run a business without a proper bookkeeping system in place. A bookkeeper is a person responsible for managing a business’
Bookkeeping is a necessity for any business today. Business owners can either opt to do it themselves, hire an in-house bookkeeper or delegate the responsibility to an outsourcing firm, and depending on the business requirements, any of these can be sufficient. However, as the business grows, there will eventually come a time when outsourcing becomes