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Five Business Functions to Automate

By Satish Patel

February 8, 2013 0 Comments

Optimizing existing resources can help you remain within budget parameters, while ensuring that client deliverables and client expectations are met. Automate these five business functions to deliver better result to client.

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Why You Should Consider Moving To Online Bookkeeping Services

By Satish Patel

January 10, 2013 0 Comments

An online bookkeeping system can take off a large amount of load from your regular services and operations. Because bookkeeping is a largely numbers-based function and because it depends heavily on details and accurate report-making.

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Implementing Business Process Improvements For Finance Departments

By Satish Patel

November 30, 2012 0 Comments

Current economic times demand that organizations and small businesses achieve more with less. The concept of business process improvement (BPI) has evolved into an operational strategy that can no longer afford to be overlooked as optional. In order to remain competitive, a companys internal functions must be reengineered and reassessed to become more efficient.

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Ready, Set, Launch! Checklist for Starting Your Own Business

By Satish Patel

October 31, 2012 0 Comments

After months or years of deliberating an idea, you have determined that it is worth pursuing. You are resolved to launch your own business and bring that idea to life. Before taking the plunge, review this short checklist below to ensure sure you have evaluated some key areas.

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Five Financial Management Tips for Small Businesses

By Satish Patel

September 25, 2012 0 Comments

Many small business owners are driven by entrepreneurial inspiration to start their own companies. Small businesses drive new jobs and innovative ideas. However, for all the “pros” which accompany running your own business – the thrill of bringing a new idea to market, fulfilling a goal, flexible schedules – there are also challenges.

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Cash vs. Accrual Method: Which is Best for Your Business?

By Satish Patel

September 21, 2012 0 Comments

The cash accounting method is a type of accounting that takes into consideration both income and expenses, when payments are made in cash. This payment could consist of either cash received or cash given/paid.

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Ratios 101: Key Indicators for any Business

By Satish Patel

September 4, 2012 0 Comments

The health of any company depends on several factors. However, a single glance at earnings figures or expenses does not provide enough information to make a firm determination about that company’s viability. For example, Company A shows $1 million in sales of computers during Year 1 of operation.

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Accurate Bookkeeping System, Reliable Accounting

By Satish Patel

August 14, 2012 1 Comments

In a small business, the terms accounting and bookkeeping may be used interchangeably; but each of them has well-defined functions. A well-maintained bookkeeping system is a necessity for the accounting system to function properly, which in turn supports the smooth functioning of the business offerings and its deliverables.

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Financial Reports vs. Operational Reports: Do You Know the Difference?

By Satish Patel

August 3, 2012 3 Comments

Critical to the success of any small to mid-sized business is financial stability. As a business owner, you should be able to discern which indicators determine financial stability and which indicators warn of financial challenges ahead. All of this information can be gathered from regular reviews of your financial and operational reports.

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Bottom Line Benefits to Automating Your Accounting System

By Satish Patel

June 28, 2012 0 Comments

Although not always the most exciting aspect of a business, a company’s accounting system is its backbone. The accounting system is the engine that drives the machine, providing business owners with key indicators regarding their profitability and the overall state of their business.

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