According to Statista, New York City is the second most ideal location to set up a start-up in 2022. Indeed, with a pro-business government and a flood of investments, NYC does seem to be a wonderful spot to establish the foundations of your business. However, entrepreneurs must not simply act based on one statistic! One
The Ultimate Guide to Real Estate Accounting In a prior publication titled “5 Bookkeeping Mistakes To Avoid In The Real Estate Industry!”, EA experts explained the common bookkeeping mistakes entrepreneurs make in the real estate sector. Following up on that train of thought, let’s discuss the broader subject of real estate accounting and everything it entails.
Trade promotion management leveraging staff augmentation services is a novel concept successfully implemented by Expertise Accelerated CEO Haroon Jafree – a Connecticut-based CPA – leveraging his decades of US CPG industry experience and niche expertise revolving around trade promotion management, business process reengineering, and cost optimization. Defining Trade Promotions Companies’ investment in price discounts, seasonal
Offshore accounting is becoming increasingly popular for businesses to cut costs and access skilled workers. A study found that about 40% of US companies outsource some accounting functions to other countries. What is Offshore Accounting? Offshore accounting is a professional service in which financial records and statements are managed and maintained by an accounting firm
Liabilities in accounting can be thought of as a company’s financial baggage. They represent debts or obligations that the company owes to others. Some liabilities are short-term while others are long-term. By understanding and managing their liabilities, companies can manage their load and move forward with a clear financial path. What Are Liabilities in Accounting?
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