outsourcing benefits by expertise accelerated

Does Outsourcing Really Benefit Companies?

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

what bookkeepers do! Essential Tips By Expertise Accelerated

What Does a Bookkeeper Do? Essential Bookkeeping Tasks

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’

Staffing Augmentation Made Simple The Ultimate Guide

Staffing Augmentation Made Simple: The Ultimate Guide for 2022

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

a guide to four basic fananical statement

The Guide to The Four Basic Financial Statements

What are financial statements? Financial statements are a record of a business’s finances over a period of time. Financial statements contain essential financial information such as details of assets, liabilities, income, expenses, etc. Financial statements in essence are a formal, historical record of the business’ finances that can be used to evaluate business health and

bookkeeping smart choice

Is Outsourcing your Bookkeeping a Smart Choice?

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

5 simple ways of bookkeeping

5 Simple Ways to Automate Bookkeeping

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

Internal vs External Auditing. Whats the difference

Internal Audit vs. External Audit: What’s the Difference?

What is an Audit? In a nutshell, an audit is an official inspection of a business’s operations, processes, or financial records. There are two types of audits, namely internal and external. While both share similarities in how they are approached and conducted, they are quite different in terms of their objectives, scope, methodologies, and outcomes.

Accruals Versus Cash

Accruals Versus Cash: Which Accounting Suits You Best?

When first venturing into the business world, entrepreneurs must make some tough decisions. One such decision that greatly impacts the future of the business is deciding what accounting method to adopt. In the business world, there are two accepted methods of accounting available to businesses. These are accrual-based accounting and cash-based accounting. What Is Accrual

marketing for accountant

Marketing for Accountants – Top 15 Strategies For 2022 & Onward!

In 2022, a start-up’s success depends on the marketing strategies its owners implement to attract an industry-relevant audience towards their firm and its service portfolio. Marketing for accountants loosely refers to the strategies and resources that accounting practitioners and accounting firms use for landing high-quality leads in a consistent way. An experienced team of accountants

5 types of accounting services

Five Types of Accounting Services

Accounting over the years has experienced tremendous evolution. To the layman, the services an accountant can provide may seem limited to bookkeeping, mundane data management, and paper filing. This could not be further from the truth. But, the fact is that accountants today are qualified professionals capable of undertaking a range of complex roles, including