7 Best Cost Reduction Practices To Follow For 2022-2023
As an accountant, you’re well skilled in how to deal with financial numbers. But when it comes to growing your accounting firm profits margin, how skilled are you? When a client wishes to invest in you, what should make them take the plunge? Most clients move away for various reasons such as no trust factor, […]
6 Popular Misconceptions On Outsourced Book Keeping Services In 2022-2023
Multiple brands have already rendered the services of outsourced book-keeping services. For those who haven’t, the common misconceptions that stop them are too expensive, lack of control, etc. You’ll be surprised to know that all of the common listed misconceptions are just a myth. In fact, engaging with outsourced book-keeping services can prove to be […]
Comprehensive Guide on Effects of the Repo Rate on the Economy and Small Businesses
The Repo Rate is the interest rate at which commercial banks borrow money by selling assets to our country’s central bank, the Reserve Bank of India (RBI), in order to maintain liquidity in the event of a fund shortfall or regulatory measures. It is one of the RBI’s primary instruments for keeping inflation under control. […]
Top 9 Benefits of a Virtual Bookkeeping Assistant
Many business owners seek total control of their firm, because of which they neglect to outsource non-core services such as bookkeeping. However, a prevalent misperception is that it is more expensive to do so than to manage the procedures internally. On the contrary, outsourcing your accounting back office to a virtual bookkeeping assistant might improve […]
Myths About Budgeting Strategies To Achieve Your Financial Freedom
A simple way to ensure financial stability in our lives is to have a plan to know our income versus expenditures, and leftover funds if any. Such a financial plan or tool which works as a framework or guidance to balance our money is the Budget. Nearly 18% of employees in the U.S, who earn […]
Top 10 Accounting Services In Hyderabad You Should Know
Top 10 Accounting Services in Hyderabad Today, many companies in Hyderabad, big and small, are switching to outsourced finance and accounting services as a more practical, effective, and economical replacement for an internal Finance and Accounting department. It’s interesting to note that more than one-third of small businesses outsource their accounting. One of the main […]
8 Awesome Accounting Strategies For Start-ups, Around the Web
Accounting is essential for the success of any business organization. So, you can find some awesome accounting strategies for start-ups, around the Web in this article. Start-ups need to pay special attention to accounting as it shows the financial position of the company, helps in fulfilling statutory obligations on time, and in taking strategic business […]
Top most Signs of Virtual CFO Services In India For A Start-ups, SMEs
The CFO is the highest role of a financial professional in any organization. Being the head of finance function, it is the responsibility of the CFO to align the financial process with the company’s goals and objectives. The CFO ensures that the organization: Fulfills its statutory and financial obligations on time Streamlines the accounting activities […]
14 Fool proof Bookkeeping Tips for Business Owners in Accounting
Bookkeeping is the backbone of any business. Business owners must aware of these basic techniques for their business growth. It not only serves the purpose of recording business related transactions but is also very useful for; Tracking inventories, assets and liabilities Securing investments Preventing and detecting frauds Preparing and filing income tax returns Preparing financial […]
Four Trends Next-Gen Tax and Accounting Professionals Need to Know
The tax and accounting industry is constantly evolving, and in doing so, it sets high standards of rules and regulations for financial and audit procedures. Accountants and their clients are now dealing with each other with better means of technology, which helps in best-negotiated deals favoring each other. The accounting and tax industry has seen […]