Why Startups Should Choose Outsourced Bookkeeping Early

Why Startups Should Choose Outsourced Bookkeeping Early

Is daily accounting slowing your product growth or business expansion? If so, it might be time to consider outsourcing your accounting. Many startup founders struggle with back-office operations. Accounting software helps, but it’s tricky without the right people or setup. 20% of startups fail in year one often from poor money management. In fact, 82%

The Evolution of Accounting Outsourcing Services in the Digital Age

The Evolution of Accounting Outsourcing Services in the Digital Age

The world of accounting is changing fast thanks to new digital technology. Manual record-keeping is being replaced by AI tools and cloud systems. These technologies are changing how accountants do their work. They are also changing the services accountants provide. Over the last 20 years, technology has changed many parts of life. Accounting is one

Trade Promotion Accruals

Fixing Trade Promotion Accruals with Accrual Accounting

CFOs, ever wonder what happens when your trade promotion accruals don’t add up under accrual accounting standards? (Spoiler: It’s a mess. Cash flow issues, missed forecasts, and everyone pointing fingers at each other.) Trade promotion accruals matter. Imagine Joe from the accounting department struggles with inaccurate accrual calculations every quarter. He relies on sales team

Why Cross-Functional Teams Fail at TPM (And How to Fix It)

Why Cross-Functional Teams Fail at Trade Promotion Management

Trade promotion management (TPM) is supposed to be a simple, number-based process. It’s all about using discounts, rebates, and deals to boost sales without eroding margins. But in reality, it can feel like a big mess, especially when the numbers are not aligned and the different teams aren’t working together. If your sales team plans

How Trade Promotion Management in CPG Could Be Quietly Costing You Millions

CPG companies often miss deduction errors in trade promotion management. These are small mistakes that quietly drain millions from their bottom line. Retailer chargebacks can build up unnoticed, until they surface at the worst possible moment. Imagine facing an audit or a board meeting, suddenly having to justify millions in unexplained write-offs. “From what I’ve

How to Create and Improve Cash Flow Statements for Ecommerce Success

How to Create and Improve Cash Flow Statements for Ecommerce Success

Cash flow issues are common for online vendors. Whether sales are down, there are supply challenges, or you want to expand, having enough money is vital. Intuit’s international analysis indicates that 61% of small businesses meet cash flow problems, and 42% had issues last year. As an online business landlord, managing the cash flow is

Outsource Ecommerce Accounting

When and Why to Outsource Ecommerce Accounting: Proven Tips for Success

E-commerce accounting services manage financial tasks easing the burden of business owners. Outsourcing provides the support needed to relieve the workload. According to Nix, The eCommerce market is developing fast, with sales predicted to reach ten trillion dollars by 2027. Online shopping will make up for twenty-three percent of retail sales. In 2024, over three

How Much Does a Bookkeeper Cost

How Much Does a Bookkeeper Cost? Comprehensive Guide to Bookkeeping Fees

Bookkeeping is vital for businesses of all sizes. A skilled bookkeeper assists keep your finances managed by operating transactions and monitoring expenditures. They also confirm that your records are valid. Many businesses prefer to outsource bookkeeping to save resources and time. A bookkeeper helps you to concentrate on handling your business. But employing one brings