15 Most Frequent Bookkeeping Errors That Small Businesses Should Avoid
Bookkeeping Errors That Small Businesses Should Avoid Introduction Bookkeeping is a critical aspect of running a small business, but even small errors can have significant consequences. From misclassifying expenses to failing to reconcile accounts, these mistakes can lead to inaccurate financial records, tax issues, and poor business decisions. In this post, we’ll explore the 15 […]
The ABC’s of Outsourcing for Start-Up’s: Accounting, Bookkeeping& Chief Financial Officer Services
As a startup firm learning which financial services you will need to run your business smoothly is essential. Understand that even startup companies need a lot of backing to maintain their finance. Such as financial advisory services, banking assistance, taxation advise accounting, and bookkeeping services among others. The recent trend among startup companies is to […]
The Growing Importance of ESG Investing; its Due-Diligence, Risks and Rewards
The increasing demand for ESG (Environment, Social and Governance) investing is pushing corporates to become more responsible socially. Organizations are becoming more aware of the challenges and the negative impact of climate change and biodiversity losses that now stare at the world. With this view, organizations are now focusing on considering non-financial factors in the […]
8 limitations of e-commerce businesses that you must know in 2022
Introduction Thanks to the growing strength of the internet, e-commerce is rapidly evolving across the globe. As per research, the Indian e-commerce industry has the potential to outperform more mature markets and become the third largest market in the world with US$ 350 billion by 2030. Have you been thinking of setting up an e-commerce […]
8 Cost and Time Effective Tips for Accounting and Bookkeeping in 2023
A business owner is very keen to track every business expense in the initial stage. But as the business grows, the process gets complicated. In such cases, managing business and accounts tend to become tedious. But what if we told you there is a more straightforward way to manage time and money in accounting? To […]
6 simple tricks to avoiding business financial frauds in 2023
Online fraud has become accustomed to top businesses of today. Multiple well-established brands fall under the pit of financial statement fraud. Understanding and protecting yourself from illegal acts can save you from heaving losses and bankruptcy. There are multiple fraud examples that answer the why of this action. Thus, to avoid them, this blog shares […]
3 Signs You Need To outsource Bookkeeping Of Your Business
Finance is the lifeblood of every business. Funds are required to begin, grow and sustain a business. Though the founding team mainly does funds management, CEO/COO/CXO/CFO, accounting professionals take care of the accounting process. Read on to find out the best hands to manage your business accounts. Traditional working methods Businesses have been employing accounting […]
Solutions for small business owners to overcome their accounting challenges
Small businesses face many challenges and roadblocks while carrying on their day-to-day operations as compared to larger organizations that are well equipped to encounter them. Small business owners juggle between various tasks and thus accounting as a business function takes a back seat, which ultimately affects their business growth, profitability and survival. Some simple solutions […]
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 […]