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Accounting Trends in 2022: Grow Your Business Faster

By Analytix Editorial Team

September 26, 2022 0 Comments

Given that the consequences of the pandemic are still relevant, businesses across industries are looking at different ways to ensure sustainability over prolonged periods of economic uncertainty. The year 2020 saw businesses adapting to technology at an unprecedented pace across diverse industries. Accounting as a function has been gradually adapted to technological advances over the

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Boosting Business for Accountants with the Help of Cloud Accounting

By Analytix Editorial Team

September 23, 2022 0 Comments

Cloud accounting offers the flexibility of working from anywhere and staying connected with businesses on a 24/7 basis. In other words, with cloud technology, you can access business functions from a remote location to complete day-to-day tasks. Your entire practice can be set up on a cloud-based infrastructure to optimize productivity. Accounting business owners can

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Top 5 Accounting Tasks That Are Key to Growth for Small Businesses

By Analytix Editorial Team

September 20, 2022 0 Comments
Top 5 Accounting Tasks That Are Key to Growth

Financial accounting is essential for any business and often involves tedious tasks. Accounting and bookkeeping, financial reporting, and tax filing should be set precisely to execute projects seamlessly. Developing a process helps eliminate errors and gives you enough time to focus on crucial tasks such as business development. Nevertheless, managing projects help you set accurate

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How to Set a Budget for Your Business

By Analytix Editorial Team

September 14, 2022 0 Comments
Set a Budget for Business

If you are an entrepreneur, it is your responsibility to manage the business effectively and grow it strategically. Strategic planning is essential to success in the competitive market. It involves business analysis, budget allocation, new strategies for marketing, analyzing the current market, and understanding evolving market trends. Our experts believe that business budgeting is critical

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Why is it Critical for Your Accounting Firm to Implement Data Security?

By Analytix Editorial Team

September 9, 2022 0 Comments
Critical for Accounting Firm to Implement Data Security

Financial data, including banking information, accounting, and tax details, are vulnerable to theft and security breaches. Given the high volume of detailed financial data that accounting firms manage, data security should ideally form an essential element in accounting operations. A report in the Journal of Accountancy says that accounting firms are a top target for

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Integrated and Non-Integrated Accounting Systems—Part 2

By Analytix Editorial Team

September 6, 2022 0 Comments

Accounting systems have become integral to the success of modern businesses. An accounting system that is relevant to the business can bring multiple benefits, including: Improved operations More efficiencies Added value to client deliverables Cost savings Greater profitability Integrated accounting or Non-Integrated accounting: Which one does your business need? Making the correct choice can be

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Integrated and Non-Integrated Accounting Systems – Part 1

By Analytix Editorial Team

September 6, 2022 0 Comments
Integrated and Non-Integrated Accounting Systems

Functions such as accounting and bookkeeping provide the backbone for a financially sound and sustainable business. It is always essential to ensure that all accounting books are updated. Accounting practices are conducted in several ways, some of which depend on the industry and area of operation. Integrated and non-integrated accounting systems are two different systems

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Five Process Improvement Considerations for CPA Firms

By Analytix Editorial Team

August 29, 2022 0 Comments

Every business needs to embrace change to stay afloat in a competitive market. Adopting new strategies and improving the existing process enables a business to provide better services and attract new customers. This is especially true for businesses in the accounting industry. Accountants have to ensure they use the latest accounting tactics to reduce taxable

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How Digital Marketing Can Help Accountants Win New Clients

By Analytix Editorial Team

August 29, 2022 0 Comments
Digital Marketing Win New Clients

Digital marketing is the in-thing these days. It allows small business owners to reach potential customers directly at a lower price and ultimately learn more about these customers’ interests. You can connect with the target audience through social media platforms, email campaigns, websites, search engines, search engine marketing, pay-per-click ads, business listings, blogs, and influencer

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Outsourced CFO Services – Most Common Services Offered by Outsourced CFOs

By Analytix Editorial Team

June 16, 2022 0 Comments
Most Common Services Offered by Outsourced CFOs

If you have a workload that needs expertise on-demand, you should consider outsourcing CFO roles. Outsourcing lends an extra hand to improve productivity and expand your team with ease. It can help you complete tasks faster. An outsourcing partner can provide accounting, bookkeeping, recording keeping, and financial and tax management services. Outsourcing companies follow industry

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