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How to Set a Budget for Your Business

By Analytix Editorial Team

September 14, 2022 0 Comments
Set a Budget for Business

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

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Why is it Critical for Your Accounting Firm to Implement Data Security?

By Analytix Editorial Team

September 9, 2022 0 Comments
Critical for Accounting Firm to Implement Data Security

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

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Integrated and Non-Integrated Accounting Systems—Part 2

By Analytix Editorial Team

September 6, 2022 0 Comments

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

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Integrated and Non-Integrated Accounting Systems – Part 1

By Analytix Editorial Team

September 6, 2022 0 Comments
Integrated and Non-Integrated Accounting Systems

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

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Five Process Improvement Considerations for CPA Firms

By Analytix Editorial Team

August 29, 2022 0 Comments

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

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How Digital Marketing Can Help Accountants Win New Clients

By Analytix Editorial Team

August 29, 2022 0 Comments
Digital Marketing Win New Clients

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

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Outsourced CFO Services – Most Common Services Offered by Outsourced CFOs

By Analytix Editorial Team

June 16, 2022 0 Comments
Most Common Services Offered by Outsourced CFOs

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

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Small Business Accounting – Don’t Overlook Your Own Books

By Analytix Editorial Team

June 16, 2022 0 Comments
Small Business Accounting

One of the foremost requirements of a sustainable and successful business is financial strength. Financial strength decides how strong a budget can be, how accommodating forecasts can be, and more importantly, how much cash is available to the business readily. Cash flow, not profits, decides the financial strength of a business. Financial health management can

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Small Business Accounting Software In 2022

By Analytix Editorial Team

June 15, 2022 0 Comments
Small Business Accounting Software In 2022

If you discover that you spend much of your time managing accounting tasks without improving productivity and output, then accounting software may be the answer to your needs. Modern accounting software automates back-office operations such as accounting, bookkeeping, financial, and tax management operations/functions, thus making it easier for business owners to manage their finances effectively.

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Benefits of Outsourcing Your Accounting and Finance Function

By Analytix Editorial Team

May 19, 2022 0 Comments
Benefits of Outsourcing Your Accounting and Finance Function

Accounting and bookkeeping are the foundations of financial management. This makes it a mandatory function for any business, regardless of size. However, for startups, diligent accounting and bookkeeping can be complicated, given that resources may be minimal. In addition, infrastructure may be limited and budgets restricted. Consider the freedom of outsourcing assistance in this situation.

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