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 research paper titled “Outsourcing: The Concept”, Victor-Adrian Troacă points to great minds like Henry Kissinger and Gary Hamel, who expressed doubt in the benefit of

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’ bookkeeping. It is important to remember that a bookkeeper is not an accountant and, therefore, does not require any certification to perform bookkeeping tasks. In

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 the department, taking their day-to-day direction from managers. However, their paychecks come from a different company, and their assignments can be terminated on short notice

Bookkeeping is a necessity for any business today. Business owners can either opt to do it themselves, hire an in-house bookkeeper or delegate the responsibility to an outsourcing firm, and depending on the business requirements, any of these can be sufficient. However, as the business grows, there will eventually come a time when outsourcing becomes the optimal and smart choice to make. For business owners looking at outsourcing as an option to expedite their bookkeeping, here are some of the

Bookkeeping is the process of recording the company’s 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 and up-to-date financial records without compromising their focus on matters of strategic interest. Use an Accounting app Using an accounting app can be an easy way for business