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Virtual Accounting Events: A Learning Resource for Startups

By Analytix Editorial Team

April 27, 2021 0 Comments
Virtual Accounting Events

The pandemic has led people to look at virtual and remote options for activities including business, education, training, shopping and other everyday events. Startups are looking for virtual resources to enhance learning, to share their expertise with a larger audience, and to target business leads. Virtual accounting events save time and are cost effective in

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Five Reasons DIY Accounting Software May Not Work

By Analytix Editorial Team

April 19, 2021 1 Comments
Five Reasons DIY Accounting Software Not Work

According to an article in the Journal of Accountancy, do-it-yourself (DIY) automation tools have helped non-programmers connect and share data between multiple software applications. Accounting automation is no longer dependent on developers connecting applications with APIs. However, multiple factors influence efficient financial management and not all of these can be addressed by software alone: The

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2021: A New Rulebook for CFOs

By Analytix Editorial Team

April 12, 2021 0 Comments
2021 A New Rulebook for CFOs

Traditionally the finance and accounting expert for a business, the CFO’s role now requires vital input and analysis in all aspects of management leadership. In this changing landscape, the CFO provides vital inputs to the operations teams and contributes insights on the financial viability of business decision-making. The role of the CFO is more intrinsic

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Goal Setting for Better Financial Management in 2021

By Analytix Editorial Team

April 6, 2021 0 Comments
Goal Setting for Better Financial Management

Inefficient bookkeeping and accounting practices, along with poorly managed debt, can lead to cash depletion and poor financial health for a business. Prudent goal setting, based on a realistic assessment of business performance, operations, and growth targets can help build cash reserves and financial resilience. Financial resilience and health have always been a top priority

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Business Taxes: Four Expenses You Can Write Off

By Analytix Editorial Team

April 1, 2021 0 Comments
Business Taxes: Four Expenses You Can Write Off

Tax deductions help businesses save money by reducing tax liability. Deductions reduce the overall business income that will be taxed. They typically include expenses incurred over the taxable period. These expenses are then deducted from the income earned to calculate taxes. The intricacies of business taxation require in depth understanding and careful consideration. Tax payout

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Getting Back to Normal: How Cash Flow Management Helps Recovery

By Analytix Editorial Team

March 29, 2021 0 Comments
Cash Flow Management Helps Recovery

Effective cash flow management is necessary to ensure liquidity for a business, especially during a crisis. Cash flow, which is often confused with profits and income, provides an accurate picture of the financial health of the business. Businesses need cash to persevere. According to Business Insider, a financial and business reporting publication, about half of

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Five Common Tax Forms for Small Businesses

By Analytix Editorial Team

March 22, 2021 0 Comments
Five common small business tax forms

Informed tax management can help startups and small businesses comply with tax obligations while optimizing credits and available deductions. The year 2020 impacted many small businesses, causing some to close, due to lack of adequate available cash to continue operations. Other small businesses have realized some relief by utilizing government aid and judicious planning to

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Why Outsourcing Payroll is Beneficial for Business

By Analytix Editorial Team

March 15, 2021 0 Comments
Why outsourcing payroll

Efficient payroll is critical to business success because being paid on time is essential for staff productivity, motivation, and the positive contribution to the success of the company. Aligning payroll with other business functions can be challenging for small businesses with limited staff and financial resources. Implementing software may work for some aspects, but does

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Time or Money: What Does Your Business Need Right Now?

By Analytix Editorial Team

March 8, 2021 0 Comments
Time or money What does your biz need

The right answer is both. Businesses, especially startups and small firms, need adequate amounts of time and money. In the current COVID-19 landscape, small businesses have either shut down or are battling the prospect of permanent closure. A report by JP Morgan Chase Institute states that in the early months of the pandemic, substantial revenue

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Strategic Business Partnerships: Criteria for Future Success

By Analytix Editorial Team

March 1, 2021 0 Comments
Strategic Business Partnerships

The changes brought about by the pandemic have resulted in deep learning for many accounting and bookkeeping firms, startups, and small and midsize companies (SMB). The businesses that survived have emerged stronger and resilient. They need to be diligent in their plans to ensure business continuity for 2021 and beyond. McKinsey, a leading management consulting

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