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How to better plan your year-end financials

By Analytix Editorial Team

November 29,2018 0 Comments
How to plan your year end financials better

The business year end, or fiscal year, may not always overlap with the calendar year, which is why it is vital to plan for year-end financials early to prevent slipping into a false sense of being on schedule. One of the most important steps to be taken for better year-end financials would be to gain

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Benefits of Automating Accounting Processes

By Analytix Editorial Team

November 21,2018 0 Comments
Benefits of Automating Accounting Processes

Running a business successfully requires managing multiple tasks simultaneously. Out of those many tasks, accounting holds a significant position. Accounting handles records, business reports, and many other financial interactions. Traditionally, most accounting functions were completed manually with an accountant’s assistance.  However, manual accounting has many disadvantages including it consumes a lot of time and is

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Implementing Accounting Best Practices for E-Commerce

By Analytix Editorial Team

October 23,2018 0 Comments

An E-Commerce business has the same operational concerns as any other business with the added considerations of how to conduct business online. The same rules apply to the operations and administration of an E-Commerce business, regardless of the industry in which they operate in. However, E-commerce frameworks, payment terms and platforms are different, therefore online

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Payment Options Across Geographical Boundaries

By Analytix Editorial Team

October 23,2018 0 Comments

E-Commerce businesses require a strong online presence and effective processes, such as a hassle-free payment option, to be successful. There is no human personal interaction in an E-Commerce transaction, so a seemingly small hurdle, such as difficult navigation or glitches when making payments, could cause a visitor to abandon the website or cart. With payment

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5 Accounting Challenges that Small Businesses Face and How to Stay on Top of Them

By Analytix Editorial Team

September 19,2018 0 Comments
Small Businesses Accounting Challenges

Small business owners routinely face certain challenges within accounting and financial operations that could derail the business if left unattended. Some of these challenges have the power to influence business operations, profitability, efficiency, and sustainability. Identifying and understanding how to overcome them is vital to a business looking to grow. Cash Flow Management For a

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5 Mobile Apps to Help You Run a Small Business

By Analytix Editorial Team

September 12,2018 0 Comments
5 Mobile Apps to Help You Run Your Small Business

With smartphone usage on the rise, it is important for businesses to move towards leveraging mobile apps, in addition to having a dependable online presence. Mobile platform usage is growing exponentially and quickly becoming a medium that cannot be ignored, for both marketing and business development purposes. Smartphone apps provide users with easy access and

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Service Level Agreements for Partnerships

By Analytix Editorial Team

September 10,2018 0 Comments

Service Level Agreements, or SLAs, are crucial not just from the perspective of ensuring high quality work, but they are also significant when it comes to maintaining consistency in deliverables. Because SLAs define customer expectations better, it is crucial to draw up an SLA even when entering into strategic partnerships. In a strategic partnership, it

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Leveraging Portals for Strategic Partnerships

By Analytix Editorial Team

September 10,2018 0 Comments

Strategic partnerships are an effective way for businesses to leverage existing resources to advance the business. However, the need for assistance is different for each business, varying both in terms of expertise as well as infrastructure. These levels may vary even for the same business experiencing a growth swing or a period of high growth,

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Outsourced Accounting Services as an Effective Business Growth Strategy

By Analytix Editorial Team

August 21,2018 0 Comments
Outsourced Accounting Services as an Effective Business Growth Strategy

The passion which kick-started a business may not be adequate to help it grow into a successful business. For starters, the founder becomes pulled into daily activities, including managing crucial accounting functions and financial tasks, such as recording transactions. This does not leave much time for business development activities or pursuing new clients or customers.

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4 Accounting Software Programs for the Cloud-Based Business

By Analytix Editorial Team

August 6,2018 0 Comments

As businesses continue moving to the cloud, it is vital to assess and analyze the elements that are a requisite for cloud-based operations. It is important to remember that the cloud-based accounting software selected should provide the same benefits of traditional brick-and-mortar or paper-and-pen accounting but through hosting on remote cloud-based servers. We have compiled

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