How does having a VCFO improve (add value to) your business?
John C. Maxwell once said, “A leader is one who knows the way, goes the way, and shows the way”. What a leader is for a team, the CFO is for an organization. The CFO is the head of financial operations and is in charge of all the financial activities. Being in charge of the […]
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 […]
Must Know Bookkeeping Basics for Today’s Business
Bookkeeping is a strenuous activity but one that demands high diligence. It sets the tone for other financial aspects of the business. We can best explain this by knowing how the decision-makers arrive at crucial business decisions. The decision-makers of an enterprise make use of the financial statements to convey the condition of the business. […]
Enterprise Risk Management (ERM) – How to get started
Risk is the uncertainty of an event happening in the future. This uncertainty deviates an organization from achieving desired outcomes and hence it has to be managed. Enterprise Risk Management (ERM) involves various strategies that identify potential business risks and analyze them to provide appropriate responses to mitigate and minimize any losses that would have […]
8 Core Benefits of Virtual Bookkeeping Services for Your Business
Bookkeeping is an indispensable activity in any business. It involves recording the various financial transactions and preparing the trial balance. This sets the tone for making correct business decisions. Thus, bookkeeping is a must, irrespective of the type and size of the business. The pandemic has changed the ways of the business world. The relevance […]
Bookkeeper vs Accountant vs CPA vs Controller vs CFO
An average person may interchangeably use the different financial job roles like bookkeeper, accountant, financial controller, etc. mostly because of ignorance. The distinction between a bookkeeper, an accountant, a Certified Public Accountant (CPA) or a chartered accountant (CA), a controller and a CFO might not be substantial for the layperson, yet they are as different […]
10 Reasons Why Successful Businesses Hire Bookkeepers and Accountants
Staying on top of finances is the primary reason for business success. Successful businesses are well aware that in order to grow financially and have smooth business operations they need professional bookkeepers and accountants to manage their finances. As business keeps growing, the number of customers, suppliers, employees, and other stakeholders also increases and it […]
Bookkeeping Outsourcing for CPA firms & Accountants
CPA and accountants are in huge demand because of the expertise that they provide in accounting, tax planning, audit/ assurance, and management services to small companies, large corporations, government, NGOs, and individuals. CPA firms and accountants need to be updated with the latest laws, regulations, standards, taxation policies, etc. Hence, they are always overloaded with […]
15 Most Frequent Bookkeeping Errors That Small Businesses Should Avoid
Most small companies are always busy finding ways and means of expanding their business, this leaves them with little or no time to look after bookkeeping. Hence, it is usually noticed that small companies rarely have their accounts and records maintained on a regular basis. Such negligence on their part to maintain proper accounts and […]