Category Archives: Accounting

Why Accounting Firms Are Gaining So Much Popularity?

Accounting systems are complex, hectic and time-consuming, however, that doesn’t mean that you can overlook them in your venture. Practically, they’re the most integral part of a business process that helps in planning, decision making, and controlling procedures. By having accurate financial statements only you can identify if there’s an inter-departmental theft, fraud, or negligence which needs to be eliminated instantly to protect your business from potential breakdown.… more

How Important are Outsourced Accounting Services

Accounting is one of the most important units of running a business successfully. If you are running a business, then you need to take care of the finances of your company. But, it might not be one of the core focus areas for you. In such cases, outsourcing the accounting services of your company, would be a wise decision.… more

Benefits of Outsourcing Accounting Services

Businesses are always under pressure to cut costs and increase efficiency at the same time.  According to Deloitte’s CFO Signal Survey, the majority of the CFOs spend 12-15 hours in their offices and out of this a large amount of time is spent in checking and rechecking accounts and performing the analysis.… more

How You Can Prepare Yourself for a Licensing Audit

So, you’ve been notified that your company will be undergoing a licensing audit. Your initial feeling is panic. Perhaps you weren’t prepared for this or thought that it may never happen. But, the time has come, and now you’ve got to make sure that everything is in place and good to go for the auditors.… more

Why Attorneys and Law Firms Should Care About Accounting

Standing on the outside, it seems obvious that law and finance are two different categories – each with an area of specialty that requires education, training and experience in order to be considered an expert in the field. Not always so obvious is the connection between the two. Before computers, the ledgers kept by a business were labor-intensive – transcribed with paper and ink, where mistakes were indelible and lived on forever unless the entire page was rewritten.… more

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