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Key Features of Restaurant Accounting and Bookkeeping Software

By Analytix Editorial Team

December 17, 2021 0 Comments
Key Features of Restaurant Accounting and Bookkeeping Software

The most active businesses in this world are in the food industry. With what seems like thousands of things happening at the same time, you need a superpower to manage a busy restaurant. A power that provides automation in operations and frees your time to grow your business, and maybe this power is a great

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What Is an Impaired Asset and How Should You Deal with It?

By Analytix Editorial Team

December 17, 2021 0 Comments
What Is An Impaired Asset and How Should You Deal with It?

Given the long-reaching effects of COVID-19 and the existing pandemic landscape, many businesses have struggled with sustainability. A Mondaq report dated September 2021 reports findings that the volatility and uncertainty associated with COVID-19 had a significant impact on asset valuation, contributing to a “staggering $518 billion in total impairments disclosed in 2020.” An impaired asset

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Payroll Mistakes That Should Be Avoided

By Analytix Editorial Team

December 13, 2021 0 Comments
Payroll Mistakes That Should Be Avoided

Processing payroll correctly and free of mistakes can be challenging for small businesses. The owners of most fast-growing firms need to multi-task to ensure the business does not fall behind on deliverables, customer expectations, collections, and even due benefits. Some of the common mistakes that typically affect manual payroll are explained in brief below: 1.

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Getting Your Business Future-Ready with Modern Accounting

By Analytix Editorial Team

December 13, 2021 0 Comments
Getting Your Business Future-Ready with Modern Accounting

Managing finances is a difficult task for many business owners. This situation happens because they typically have so many things to focus on at once with their business. It is vital to keep accounts and books accurate and up to date to know how successful the business is.  However, doing so is time-consuming and prevents

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Your Checklist When Choosing an Outsourcing Partner

By Analytix Editorial Team

October 26, 2021 0 Comments
Your Checklist When Choosing an Outsourcing Partner

When approached correctly and with a reliable partner, businesses that outsource critical core functions will gain immense benefits in productivity and efficiency.  Even more importantly, they will be initiating steps to secure their business continuity in the event of unforeseen circumstances that can derail business operations. Outsourcing can address many operational areas.  According to online

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Must Know Payroll Forms

By Analytix Editorial Team

September 27, 2021 0 Comments
List of payroll forms

As a business owner with employees, completing and submitting the appropriate payroll forms is an important aspect of running your business. There are many payroll forms that must be filed, and many must be filed quarterly or annually to avoid taxation problems and penalties. Following is a list of the various forms you may need

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Significance of Accounting Data Backup

By Analytix Editorial Team

September 20, 2021 0 Comments
Accounting Data Backup Significance

Data backup, including accounting and bookkeeping information backup, is associated with automation, software, and IT. However, in the context discussed here, backup is simply a good operational practice, because of the significance of accounting data in ensuring financial stability and business survival. Automation plays a significant role in streamlining accounting and bookkeeping functions in businesses,

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Accounting Automation and Why Infrastructure Matters

By Analytix Editorial Team

September 15, 2021 1 Comments
Accounting Automation and Why Infrastructure Matters

Accounting software automation can help ensure well-managed bookkeeping and accounting, However, strong infrastructure support is necessary for accounting software to work as intended. Daily tasks such as cash flow management can be negatively impacted if the automation suffers as a result of outdated IT hardware and lack of infrastructure. The infrastructure is the foundation for

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Accounting Tips for Small Businesses Operating In a COVID-19 Landscape

By Analytix Editorial Team

September 13, 2021 0 Comments
Small Business Accounting Tips

In 2020, COVID-19 affected lives across the globe. Unprepared businesses, especially small businesses, closed down. According to a 2020 report by the World Economic Forum, many organizations were forced to rapidly change work practices. Changes that would have taken years to be fully accepted in non-COVID times have been implemented in a matter of weeks,

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Tips for Successful Outsourcing

By Analytix Editorial Team

September 6, 2021 0 Comments
Outsourcing Tips

Outsourcing a project to a third party has become a strategic tool for business operations. Companies are looking for better ways to manage workflow, as well as increasing productivity. Outsourcing offers cost-effective solutions, team expansion, and the ability to manage peaks in workflow. More importantly, it provides small to mid-sized businesses with alternative solutions that

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