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

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

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

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

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

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

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

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

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

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