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Which Financial Operations Areas are Best Automated?

By Analytix Editorial Team

April 11,2019 0 Comments

Automating essential functions, including financial operations of a business, is on the rise. The trend probably is a result of greater demands for transparency and higher quality expectations from clients. CPA firms and other accounting practices are keeping pace with this and choosing a double advantage: 1. Automating key financial operations and 2. Choosing to

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How Automation can Help Ensure Better Bookkeeping

By Analytix Editorial Team

April 11,2019 0 Comments

Automation goes a step beyond conventional bookkeeping practices: the involvement of machine or software means that data management is easier and the likelihood of error, including human error, is reduced. Given the importance of attention and detail-orientation required in standard accounting and bookkeeping, even seasoned accountants and CPAs grow weary and fatigued. Add to this

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Functions That CPA Firms Should Consider Outsourcing

By Analytix Editorial Team

March 19,2019 0 Comments

For various reasons, the practice of CPA firms to outsource core functions has been on the rise.  There are greater client expectations on CPA firms to provide financial transparency and compliance. Simultaneous to this, the firms are also faced with complex and time-consuming accounting and bookkeeping tasks that limit their growth and ability to expand

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How a CPA Firm Can Benefit From Outsourcing

By Analytix Editorial Team

March 19,2019 0 Comments

Many small to mid-sized businesses struggle to balance performing critical operational tasks, such as accounting and bookkeeping, with functions essential to the core of their business. CPA firms are no different.  Many of their own administrative functions that are necessary are also very time-consuming. These tasks often detract from the CPA firm being able to

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Understanding Blockchain benefits for CPA firms

By Analytix Editorial Team

January 22,2019 0 Comments
Understanding Blockchain benefits for CPA firms

Blockchain carries the potential to ring in transformation within any industry where it is applied, and not just in accounting services and financial operations where it currently helps enhance transparency and clarity in transactions. Its emergence is being watched with great interest because the requirement for a trustworthy application for conducting business transactions stays intact

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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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