Think streamlined operations, think better-managed accounts payable functions, think transformation that has the power to improve business bottom-lines. Automation, when done well, can help enable all of these. Automation for accounts payable is fast becoming a preferred choice for startups and small businesses. Almost all accounting and bookkeeping functions require maintaining logs and records of

Small business owners routinely face certain challenges within accounting and financial operations that could derail the business if left unattended. Some of these challenges have the power to influence business operations, profitability, efficiency, and sustainability. Identifying and understanding how to overcome them is vital to a business looking to grow. Cash Flow Management For a

With smartphone usage on the rise, it is important for businesses to move towards leveraging mobile apps, in addition to having a dependable online presence. Mobile platform usage is growing exponentially and quickly becoming a medium that cannot be ignored, for both marketing and business development purposes. Smartphone apps provide users with easy access and

Service Level Agreements, or SLAs, are crucial not just from the perspective of ensuring high quality work, but they are also significant when it comes to maintaining consistency in deliverables. Because SLAs define customer expectations better, it is crucial to draw up an SLA even when entering into strategic partnerships. In a strategic partnership, it

Strategic partnerships are an effective way for businesses to leverage existing resources to advance the business. However, the need for assistance is different for each business, varying both in terms of expertise as well as infrastructure. These levels may vary even for the same business experiencing a growth swing or a period of high growth,

The passion which kick-started a business may not be adequate to help it grow into a successful business. For starters, the founder becomes pulled into daily activities, including managing crucial accounting functions and financial tasks, such as recording transactions. This does not leave much time for business development activities or pursuing new clients or customers.

One of the most common challenges a business grapples with, on an ongoing basis, is a limited budget. By itself, this is probably one of the largest challenges because of the negative effect it has on several other factors influencing the business, including investments. Critical purchases may be stalled or deferred to preserve liquidity at

As businesses continue moving to the cloud, it is vital to assess and analyze the elements that are a requisite for cloud-based operations. It is important to remember that the cloud-based accounting software selected should provide the same benefits of traditional brick-and-mortar or paper-and-pen accounting but through hosting on remote cloud-based servers. We have compiled

Small businesses require an infrastructure that is robust and dependable. Reliability is high on the list of necessities because the failure of a single component can cause the rest of the set-up to break down. This is even more critical for a startup or a small business which cannot afford a disruption, as it can

A business, whether a startup or an established one, needs reliable bookkeeping and accounting support to sustain financial stability which eventually translates into growth. More businesses falter and sometimes cease to exist because of a lack of adequate financial support. This can be prevented with judicious financial planning. Following are several reasons why a small