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 […]
How CFO Services Solve Financial Challenges for Non-profit Organizations
Non-profit organizations deal with social causes and do not focus on earning profits. They exist to serve society at large. Non-profit organizations work in varied areas and strive to bring about changes in education, research, religion, science, and other social activities. Running a business for social causes is very challenging especially when they heavily depend […]
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 […]
Compliance Officer: What They Do and Why They’re in Demand
Compliance is the buzzword in every business nowadays. The role of the compliance officer thus becomes an integral part of the business framework. As per a report published in the daily ‘The Hindu’, Meta and WhatsApp were scouting for a Compliance Officer or nodal contact in India. The curiosity in knowing more about the role […]
The Hidden Agenda Of How Voice Technology Is Changing The Financial Industry
Artificial intelligence and voice assistants are being used by people in their everyday lives. It’s very easy to use a voice assistant and get a good deal of information from a wide range of topics. Voice technology assistants like Alexa, Google Assistant, and Siri are providing data within seconds of asking a question. Using it […]
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 […]
Different Ways To Get Funding For Your Business Idea
A startup begins with a brilliant, unique business idea. The transition from a mere idea to a sustainable business requires adequate funding. To further emphasize the importance of funding, let’s quote-unquote the words of the famous venture capitalist Richard Harroch. ‘It’s almost always harder than your expectations to raise the capital, and it takes longer. […]
10 Signs You May Need a Financial System Upgrade
We are all used to having our mobile software and applications updated every second day. Just a click and your mobile updates itself with new software improvements. In the same manner, companies using financial systems also need to have a regular system review or evaluation to ensure that the system works smoothly. Every software that […]
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 […]