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
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Oct
Oct
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
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Oct
Oct
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
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Oct
Oct
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
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Oct
Oct
The Covid-19 pandemic left the entire world in disarray. The sudden emergence of a global pandemic at an unprecedented scale caught the world by surprise, and the business landscape flipped upside down in a matter of weeks. The pandemic was the trigger that sent the global economy into a recessionary spell. While many industries and
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Oct
Oct
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,
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Sep
Sep
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
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Sep
Sep
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’
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Sep
Sep
Staff augmentation refers to the process by which a company hires contractors, consultants, or third-party service providers whose primary function is to supplement the client’s existing workforce. They are typically engaged when the firm is unable to obtain or retain permanent staff, or when it needs specialized skills. Thus, the contractors function as members of
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Sep
Sep
What are Financial Statements? Financial statements are indeed crucial documents for any business, offering a picture of its financial health and performance over a specific period. They serve as a formal record, detailing essential financial aspects such as assets, liabilities, income, and expenses. These statements provide business owners and finance executives with invaluable insights into