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5 Ways to Avoid Hotel Accounting & Bookkeeping Errors

By Analytix Editorial Team

January 3, 2018 0 Comments
5 Ways to Avoid Hotel Accounting Bookkeeping Errors

Avoiding hotel accounting and bookkeeping errors is as much a function of practicing diligence and consistency as it is about competent, even-keeled staff managing it. While no business can claim to have 100% error-free accounting, working to prevent errors from happening is critical. It is also more cost-effective to prevent mistakes from happening in the

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Managing Mistakes In Hotel Accounting and Bookkeeping

By Analytix Editorial Team

December 21, 2017 0 Comments
Managing Mistakes In Hotel Accounting and Bookkeeping

Accounting needs for hotels differ from general business accounting in a few ways, mostly dictated by the fact that guest satisfaction forms a huge part of hotel operations. Almost every aspect of a hotel business has an element of client interaction woven into it. Whether it is about managing accommodations, food and beverages, or housekeeping

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Accounting Systems Integration: Helping CPA Firms Prepare Tax Returns

By Analytix Editorial Team

November 28, 2017 0 Comments
Accounting Systems Integration Helping CPA Firms Prepare Tax Returns

Accounting systems integration can help accounting software perform optimally such that firm operations are streamlined to increase efficiency and profitability. Here are a few ways in which accounting systems integrations can help CPA firms prepare tax returns better and more effectively by taking over detail-oriented tasks, freeing up firm resources and professionals for the more

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Harnessing Help: Outsourcing Can Enable CPA Firms To File Taxes Easily

By Analytix Editorial Team

November 28, 2017 1 Comments
Outsourcing Can Enable CPA Firms To File Taxes Easily

Tax time can be all-consuming, in terms of time and attention, when it comes to business accounting and bookkeeping. This is true even for CPA firms that perform accounting and bookkeeping functions for their clients. Ironically, this is one of the compelling reasons that a CPA firm can use outsourcing help: to ease pressure they

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Choosing a Provider for Your Hotel Accounting Services? Consider These Things First

By Analytix Editorial Team

November 20, 2017 1 Comments
Choosing a Provider for Your Hotel Accounting Services

Accounting and bookkeeping are core, critical functions for any business, regardless of the industry. They are also time-intensive functions that require attention to detail if the results are to be dependable. Most of the time, however, the accounting and bookkeeping is taken care of by the founders or owners of the hotel. This practice may

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5 Checkpoints for CPA Firms Before Entering Into A Business Partnership

By Analytix Editorial Team

November 8, 2017 1 Comments
5 Checkpoints for CPA Firms Before Entering Into A Business Partnership

CPA firms in a growth phase face numerous challenges such as new business development, service line expansion, manpower shortages, and infrastructure scalability. Although growth is exciting, it can be fraught with trials, including budget constraints. One solution for addressing many of these challenges is identifying a strategic partner who can provide assistance with these issues.

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Key Components of a Strategic Business Plan

By Analytix Editorial Team

October 26, 2017 0 Comments
Key Components of a Strategic Business Plan

Having a strategic business plan in place is important for a business focusing on long-term goals, including growth and expansion. However, it is not uncommon for business owners to get caught up in everyday operations, including firefighting, and lose sight of the long-term vision. Fortunately, a strategic business plan can help guide a company through

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The Deal About Profits: Difference Between Profit and Cash

By Analytix Editorial Team

October 26, 2017 0 Comments
Difference Between Profit and Cash

Profits and cash are often found to be used interchangeably, although they denote different components within a business. Profit denotes the financial gain, or amount of money a business has left over, after all expenses incurred in operations have been paid. If a business earns amount x in revenue for a project and also spends

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How Can Local CPA Firms Expand Business?

By Analytix Editorial Team

October 11, 2017 0 Comments
How Can Local CPA Firms Expand Business

For any business to succeed and expand, it needs a solid client base. Business expansion is critical for growth, but pursuing new business and securing new clients is a cause of apprehension for most growing businesses. Logically, it follows that if you fulfill a client’s needs and if you provide high quality service, then client

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Five Important Accounting Tasks You Should Do Each Week

By Analytix Editorial Team

September 19, 2017 0 Comments
Important Accounting Tasks

Accounting and bookkeeping are critical functions if you are running a business. They are as important for a startup as for an established business, looking at high growth. Whether it is about ensuring profitability, making decisions that include investments for the business in terms of space and infrastructure, or simply sustaining the business, accounting and

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