According to a report by Owl Labs, nearly 70% of full-time workers in the US are working from home during COVID-19. Working remotely is forcing individuals to find a balance between home and work-related chores, and they are facing difficulties in doing so. One in five reported working more hours per week during the pandemic.

Accounting and bookkeeping are fundamental to business success, regardless of the industry in which the business operates. This is equally true for bookkeeping firms and full-service CPA firms. Very often, these firms are inundated with deliverables and may unwittingly neglect their own business requirements. Advisory services can help these busy, multi-tasking businesses to streamline their

The pandemic has demonstrated that there is no such thing as impossible. Services such as food and other retail purchases were already being conducted online. However, innovation in online communication normalized and supported a remote delivery model for many other services including remote consultation for health and medical needs (telemedicine), education (online classes), and many

As businesses continue to battle economic uncertainty in the COVID-19 landscape, startups and small businesses should focus on financial management. Research quoted by Small Business Trends recently shows that 32% of small businesses have cash reserves to last them a month or less, and more than 15% don’t have cash reserves at all. The significance

Accounting automation processes repetitive, high volume, manual tasks with enhanced reliability and reduced errors. Automation allows businesses to redirect resources to focus on information-driven decision-making and crucial business development activities. For accounting, bookkeeping, and CPA firms, consolidating finances and investing in growth strategies is important in aligning the business with the latest in accounting tools

The Paycheck Protection Program (PPP), assisting small business owners affected by the coronavirus pandemic, has faced unprecedented demand. According to Forbes, technical shortfalls and unclear guidelines have created difficulties for businesses, in dire need of support, to access funds. For businesses that received PPP assistance when they needed it, loan forgiveness is paramount. Businesses are

Accounting software helps businesses reduce the burden of repetitive and data-heavy tasks. This is especially true of automation used for bookkeeping and accounting. Mapping business processes and more importantly, requirements, is vital to optimizing software deployment. Here are three tips to help you choose the right software for your business. Consider business requirements first A

The pandemic has led people to look at virtual and remote options for activities including business, education, training, shopping and other everyday events. Startups are looking for virtual resources to enhance learning, to share their expertise with a larger audience, and to target business leads. Virtual accounting events save time and are cost effective in

According to an article in the Journal of Accountancy, do-it-yourself (DIY) automation tools have helped non-programmers connect and share data between multiple software applications. Accounting automation is no longer dependent on developers connecting applications with APIs. However, multiple factors influence efficient financial management and not all of these can be addressed by software alone: The

Traditionally the finance and accounting expert for a business, the CFO’s role now requires vital input and analysis in all aspects of management leadership. In this changing landscape, the CFO provides vital inputs to the operations teams and contributes insights on the financial viability of business decision-making. The role of the CFO is more intrinsic