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Seven Compelling Reasons to Automate Bookkeeping in Accounting Services

By Analytix Editorial Team

January 21,2021 0 Comments
Seven-Compelling-Reasons-to-Automate-Bookkeeping

Running a CPA firm is stressful! CPA firms play a vital role in helping clients keep their businesses running in the “new normal.” CPA firms are turning to automation and technology to combat stress and improve efficiency. According to AvidXchange, 3 out of 4 accountants have added a new technology solution in response to the

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List of Documents for Onboarding for Quick Transition in CPA Portal

By Analytix Editorial Team

January 11,2021 0 Comments
PBC list or CPA onboarding checklist

According to a report by the United States Census Bureau, a survey showed that an average of 31.4% of businesses expect operations to return to normal in more than six months. Accounting and bookkeeping are key to business sustainability because they govern the financial health of the business. Given that they are time and attention-intensive,

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CPA FAQs – How Can a Private Label Partnership Benefit My Business?

By Analytix Editorial Team

December 3,2020 0 Comments
CPA FAQs How Can a Private Label Partnership Benefit My Business

Private label partnerships allow CPA firms to access necessary infrastructure and resources without the costs associated with investing, hiring, and training in-house. A Harvard Business Review report, which studied small business impacted by COVID-19, found roughly 60% of respondents expected to open by the end of 2020. 30% felt it was somewhat likely they’d open

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How a Part-Time CFO Can Help Your Business Grow

By Analytix Editorial Team

November 24,2020 0 Comments

The Chief Financial Officer (CFO) drives and influences business growth through an understanding of financial operations and the ability to guide operations. The CFO oversees and evaluates financial operations, provides forecasting and budgeting, and guides companies in making informed decisions about future growth. The Part-Time CFO The benefits of a CFO are invaluable but come

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CAAS: The Path Forward for CPA Firms

By Analytix Editorial Team

October 6,2020 0 Comments
CAAS-Client-Accounting-and-Advisory-Services

Client Accounting and Advisory Services (CAAS) is the fastest-growing revenue source for growing CPA firms, big and small. For many CPA firms, it took the COVID-19 pandemic to underscore the importance of CAAS in exploring Client Advisory Services. According to a CPA survey of 650 accountants and business clients, CPA firms that offer strategic advisory

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Leveraging Technology to Compete With Large Accounting Firms

By Analytix Editorial Team

September 29,2020 0 Comments

Today, every business is a technology business.  Your CPA practice is no exception. According to Sage’s ‘Practice of Now‘ report, more than 58% of accountants agree that Artificial Intelligence (AI) will improve future success. In the future, auditors will likely spend less time looking at source transactions.  Instead, they will access auditing technologies used by

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The 5 Must-have Accounting Reports for Your Small Business

By Analytix Editorial Team

September 21,2020 1 Comments

As small businesses prepare to reopen after the COVID-19 pandemic, it is prompting many to re-examine their small business accounting strategies. While most small business owners are excellent at what they do, the task of managing finances, especially in these unprecedented times can be challenging. Many of America’s small business owners are thinking about how

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Why Your Business Needs Cloud-based Accounting?

By Analytix Editorial Team

September 21,2020 0 Comments

As a business owner, what is the one thing you would credit with kick-starting your business? In our journey, we have realized that most business founders bring with them the passion to excel – be it accounting and financial planning for their clients, creating and marketing a product, or providing services. Performing all of the

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Robotic Process Automation: 5 Huge Benefits for Businesses & CPA Practices

By Analytix Editorial Team

September 15,2020 0 Comments
Robotic Process Automation 5 Huge Benefits for Businesses & CPA Practices

Have you ever wondered how Robotic Process Automation (RPA) can future-proof your business and help you grow without bearing any linear costs like recruiting more people? RPA is redefining the accounting and finance profession in 2020. According to Gartner, RPA software is the fastest-growing segment of the global enterprise software market. Yet another report by

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Here’s How Professional CPA Services Can Help Build a Successful Business

By Analytix Editorial Team

September 3,2020 0 Comments
How Professional CPA Services Can Help Build a Successful Business

According to an Investopedia article quoting the U.S. Bureau of Labor Statistics, approximately 20% of new businesses fail in the first two years and only 25% new businesses survive for 15 years or more. This is also supported by a 2018 report from the Small Business Administration (SBA) Office of Advocacy, which states that roughly

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