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

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.

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

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

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

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

Professional accounting services may sound like a technical term straight out of a textbook, but it is in fact something that every growing business can use successfully, and more importantly, profitably. Profitability is of great significance to any business. However, income earned does not automatically equal profitability for the business. Why? Because income earned must

Accounting functions are the backbone of any business. If you thought you could start a business and continue carrying out accounting work by yourself, you might be badly mistaken. As a business takes off, it may go through phases of high performance and low performance. However, accounting and bookkeeping will be connected to it from

As an entrepreneur, you are probably busy chasing business development initiatives and bringing in more revenue. How then, do you manage essential tasks like accounting and bookkeeping, which are often time-consuming and detail oriented? If you do them yourself, these tasks eat into a lot of your workday whereas, as a business owner, your time

You possess the expertise and the know-how required to meet your clients’ expectations. You also recognize the importance of timeliness to your client. However, what about the growth of your own business in the meantime? Focusing on client needs often means that you put aside the needs of your own business. Going about daily operations