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 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 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
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
Accounting is a tedious yet integral function in a business. For small businesses, the popular approach most entrepreneurs take is to get all the accounting work done themselves. While this is a viable strategy when starting out, it is unsustainable in the long run and can actually create long-term problems for the business. Is hiring
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
As of 2022, E-commerce has become the fastest-growing industry worldwide. In fact, in its article titled “Global E-Commerce Market to Expand by $1 Trillion By 2025”. Forbes reports that projections indicate that half of the absolute value growth for. The global retail sector over the 2020-2025 period will be digital. This is largely due to
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