In today’s inflated world, SMEs can gain a competitive edge if they outsource their bookkeeping. Outsourced bookkeeping can help business owners streamline operations and focus on core activities. However, business owners should consider some factors to have a smooth and rewarding outsourcing experience. Following are some must-have prerequisites for bookkeeping success when outsourcing: Scalability and
“Bookkeepers vs. CPAs, what’s the difference?” is quite a common question in the business landscape. Bookkeepers and Certified Public Accountants (CPAs) are essential professionals in the business landscape. Any established entrepreneur can attest that a good bookkeeper and CPA can make a world of difference in the business’s financial performance. However, one must remember that
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
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
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