How to use your Financial Reports to make Better Strategic Decisions to Grow your Business?
Businesses need financial data and information to understand the present state of operations and to predict future opportunities. Financial reports help owners and management to focus on important aspects of financial data. More so, financial reports help the organization stay focused on its business operations. And ensure their goals and objectives are being achieved as […]
How GST And ROC Changes Will Affect You: A Simple Guide
The fear of a new variant of Covid-19- Omicron, and the rising cases of infections and deaths, has affected the Indian economy to a great extent. The government is always trying to ease and provide relief to its citizens. One way of providing this relief is by extending the deadlines for filing various compliances like […]
An In-Depth Look At The Future Of Accounting: 2022 Annual Guide
The pandemic has forced the business world to change in more ways than one. It was responsible for fast-tracking the digital transformation in business. It is also transforming in leaps and bounds. The accounting division of many organizations started working remotely. Adaptability became the buzzword for sustaining a business. The year 2021 saw a continual […]
Accounting Automation: What People Expect Vs. Reality Let Us List Them Out For You
Businesses have always used machines to make their work easy. Though the use of automated machines initially began with manufacturing activities, their use in accounting has been booming. Automation enables companies to process a large volume of data and reduce manual processing at cheaper costs. Automated accounting is beneficial to the firm in the following […]
Financial Controller VS CFO: Know Which Does Your Business Need To Grow ?
The terms financial controller or CFO, though used interchangeably, have some differences. This is especially true for small companies who are low on budget to hire a financial controller and a CFO. There are many factors that have to be considered while deciding who the business needs; A Controller? A CFO? Or both? Who is […]
The Future of Accounting: Demand and Evolving Technology
The only thing constant is change, and this applies to the accounting profession as well. Organizations can increase the productivity of accounting by using advanced technology. Accountants are now free from the burden of passing manual entries and drawing huge data to generate reports. They are now expected to develop additional skill sets that include […]
5 Secrets About Due Diligence in Mergers and Acquisitions
There are a number of factors to be considered during mergers and acquisitions. It is a complicated process and hence it needs to be structured properly. The acquirer needs to be aware of what he is getting into and has to be assured that the deal fulfills his expectations. To achieve this the acquirer/ buyer […]
Top Technological Trends that Accounting Firms should Follow in 2022
Technological advances have played a significant part in the growth of industries for ages. The reliance on technology has increased manifold, especially after the start of the pandemic. The accounting firms also have changed their tune according to the need of the hour. These tough times have shown how vital technology is for continuing work, […]
How Accounting Firms are adjusting their Business Operations during COVID
Crises are inevitable and so is the case of the Covid-19 pandemic which suddenly took everyone by surprise and all the nations of the world were unprepared and stood blank in front of the deadly virus that just stared back at our face forcing the world to go into lockdown. This serious Covid-19 crisis had […]
Accounting in the New Normal – Best Practices to follow
A covid-19 pandemic called for national and international boundaries to close down in order to curb the deadly coronavirus. While the hustle of lockdown continued there seemed only one remedy that best suited the situation and that was implementing a total lockdown. The further extended lockdowns only called for more trouble and companies began to […]