As of 2018, nearly $33 billion is spent worldwide on outsourcing finance and accounting processes. It has grown nearly 25 percent in the past five years and doesn’t show any signs of slowing down. Most businesses don’t entirely understand the benefits of outsourcing. While it is true that outsou…Read More
Virtual Accountant's have become affordable options for small businesses looking to turn an idea into a successful business. Small business owners often lack the financial knowledge necessary to ensure their small business is running at its maximum potential. Small business owners are also usually l…Read More
Online Accounting Services for small businesses are a cost-effective technique to cutting costs. A lot of business owners, especially smaller ones just starting out, may be tempted to take all the aspects of the business on themselves. However, the primary goals of businesses are to reduce overhea…Read More
Business Accounting Services can help entrepreneurs turn ideas into reality. There is a big difference between heaving a great idea and turning it into a successful business. Turning your great idea into a successfully company may sound intimidating, but solid financial data to guide decision making…Read More
On a regular basis, I speak with business owners who are reluctant to outsource their accounting and financial responsibilities. Often their reasons are based on myths surrounding the idea of outsourcing or even just the term itself. For the companies that do embrace this option, I’ve seen them ex…Read More
Financial statements show not only where a company stands financially, but also where it may be headed. Contractors who work with their financial advisors to analyze their statements can often catch problems early on before they turn into bigger issues. The income statement is one of a company’s m…Read More
How often do you seek out your accountant’s advice on other areas of your business excluding taxes? Small business accountants are savvy financial advisors who can assist you with more than just filing tax returns, and regular meetings with your outsourced accounting service provider can help you …Read More
Small business accounting can be time-consuming, especially for entrepreneurs without an accounting background. Managing accounts payable and accounts receivable is an important skill to master. You need to be able to track what you owe a supplier, what you’ve sold and what your customer owes you,…Read More
When your small business started off, it may have been viable to record all your financials manually in a book kept in the drawer of your desk. As your business grows, having accounting processes and procedures in place is absolutely essential to ensure financial health. It is likely your competitio…Read More
Billing schemes. Skimming. Check to tamper. Small business bookkeeping fraud is a real risk for entrepreneurs of fewer than 100 employees. As a small business owner, you may have implemented procedures to prevent bookkeeping fraud. However, nothing is 100% guaranteed to work. Median fraud loss for s…Read More
