Inventory Management has been a topic of much interest in business management discourse in the aftermath of the Covid-19 pandemic. With major supply chain delays and surging demand, businesses saw their inventory management functions struggle to cope with the sudden influx of demand with limited supply. A post-coronavirus 2020 survey by Statista on the matter
The world is being digitized at a rapid rate today. Projections by Forbes show a staggering 25% of jobs in North America shifting to the Work-From-Home (WFH) model. WFH model came into significant popularity after the Covid-19 pandemic. Thus, it appears that the future of many desk jobs such as accounting and IT will be
Let’s imagine some years into the future when we find ourselves having a similar conversation with a chatbot financial advisor: Chatbot: Good afternoon, how can I assist you today? Human Client: Hi Good morning, I was wondering if you could help me plan for my retirement. Chatbot: Of course, I’d be happy to help. Have
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 as a way for businesses to cut costs and access skilled workers. In fact, a study found that about 40% of US companies outsource some of their accounting functions to other countries. Offshore accounting is a professional service in which financial records and statements are managed and maintained by
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 obligation helps with maintaining cordial working ties with the suppliers. As we move into 2023, there