Oftentimes accountants are seen recording business transactions, handling payroll and keeping track of all business documents. At the same time they use the word “bookkeeping” to tag some of these tasks, and other times they use the term “accounting”. For business owners, this might be a little confusing as some may mistake accounting and bookkeeping … Read more
Introduction Bookkeeping is a very important aspect of every business. Since most business owners are not accountants, they are usually worried about dabbling into this aspect without the right resources and guidance. To support and create relief for business owners in this category, we have created this bookkeeping guide to ensure you are well-equipped and … Read more
Accounting is essential for all businesses but is often overlooked as a business grows. For instance, many business owners will take accounting responsibilities onto themselves during the initial stages of their company’s growth but fail to anticipate the impact their growth will have on their accounting needs going forward. In this article, we look to … Read more
As companies continue to embrace Digital Transformation, the need for new alternatives to traditional business tools is ever increasing. Business accounts offered by traditional banks have long been considered to be stable in regards to their appeal – lately the idea of Digital Business Accounts, offered by FinTech companies, have become a popular alternative. … Read more
In this article, we look to share our opinions and insights on how blockchain will impact the accounting industry going forward.
Credit control is what a business does to reduce the time between supplying a customer with goods / services, and receiving payment. Because a business must balance their own financial health with managing their client relationships, credit control is a delicate balancing act. Unfortunately, many new businesses do not have proper credit control procedures. … Read more
Regardless of what a business does or how big it is, accountants always have a place in ensuring they run smoothly.
1. Leverage Tech Time Savings Xero enables CPAs to use cloud tech to increase accountant value to their clients. Accountants reap time savings, and connectivity eases the pain of compliance work. However, let’s focus on growing your practice once you’ve optimized time and tedium. You could bid for more clients, but likely you and select … Read more