How to Measure Accounting KPIs For Startup Success KPIs refer to key performance indicators of different business campaigns that are launched to drive business growth and success. Without these performance indicators, you may not be able to measure a campaign’s performance, so they are absolutely vital in assessing the effectiveness of various business strategies. In an era where data-driven decision-making is paramount, the significance of KPIs cannot be overstated. They not only help businesses gauge their progress but also provide

If you are a start-up business owner who has invested a significant amount of monetary investment, energy and time, you know how time taking small business accounting can be. In today’s changing business landscape, you want to focus on developing strategic initiatives for your business that can drive it forward rather than spending your valuable time on bookkeeping and financial reporting of your small business. The alternative to this is process outsourcing such as accounting processes, marketing processes and IT

“While they seem similar at first glance, bookkeeping and accounting are two very different mediums.” writes Laura Hennigan in her Forbes article titled, “What Is Bookkeeping? Everything You Need To Know”. Bookkeeping refers to the process of recording a company’s financial transactions on a regular basis. It is an essential process for many business functions including analyzing the company’s financial performance to stay on top of your inventory. Amid the increasing inflation, rising operating costs, small businesses are opting to

There comes a point in a business when hiring a remote bookkeeper becomes necessary. While managing the books may seem manageable in the beginning stages of the business, it becomes a hurdle as it grows. Especially if it starts to take a toll on your business. This blog post answers all your questions (and concerns that you may have) about hiring a bookkeeper. It also aims to help you ensure that your finances are not just accurate but also handled

You might be wondering “Why can’t suppliers just submit the purchase orders to receive payment?” Since a sales order is an approval of the payment that is supposed to be made for the goods and services, then why do companies take an extra step of sending the invoices. These invoices need to be processed and routed around the organization for approval. This may take extra paper and effort. Why make the purchasing process more complicated? In this blog, we will

John Hall, a senior contributor at Forbes writes, “If You’re Serious About Scaling Your Business, Get Serious About Sales Order Automation”. By now, you, as an entrepreneur, might have a glimpse of what sales order automation is all about. However, have you truly grasped how it can benefit your business operations? In business, it is great to think big, plan big. But it is equally important to care for the routine repetitive tasks (like, sales orders!) that affects your customer

At a time when the world is in turmoil, the role of CFOs is being celebrated for their careful and steady approach. Thus highlighting the importance of financial prudence in uncertain times. As companies, especially SMEs, seek flexible financial expertise without the commitment of a full-time hire, two models have emerged as popular solutions: virtual CFOs and fractional CFOs. While both roles aim to enhance your financial strategy and operations, they serve distinct purposes and offer unique benefits. Why is