Busy Season Saturday: Measuring the Pros and Cons of the Model
A few months during the financial year, the accounting world suffers from hysteria. Well, “suffers” might be a too strong word, but the chaos and the inhibitions that overpower the professionals could be referred to that way. The firms are swamped with requests as the physical or digital files keep piling and deadlines loom large. […]
Are You Struggling With Efficient Collection Process? It’s Time to Look Deeper (AR)
Businesses cannot afford to let their existing capital go to waste. The cost of new capital and the stakes of losing the existing one are too high. It is often difficult for businesses to realize how much of the cash is trapped within their balance sheets. Optimizing the working capital and freeing the pinned cash […]
Dominate Construction Industry Accounting with These Growth Insights
When it comes to handling the finances of a construction company, the system has several delicate aspects that need to be taken care of. In the construction industry, companies have to make difficult choices – from bidding on one project to another, selectively picking and financing the materials, manpower, and equipment, and setting profit margins […]
Selecting Accounting Automation Software for Your Firm: Recommendations Included
Accounting automation tools have become an integral part of businesses of all sizes. They not only help automate repetitive tasks for teams but also help manage financial data effectively while maintaining overall security. Automated accounting software should include more than just solutions to make accounting easy. They should allow business leaders to integrate every function […]
Paytm Compliance Fiasco: RBI Notice, Financial Issues, and Tips for Businesses
In the past week, a lot has been written about the Paytm-RBI issue, and the virtual bank’s compliance challenges. Since there’s a lot of noise around this case, we are here to break it down. On January 31st, the Reserve Bank of India ordered Paytm Payments Banks, a restricted bank and subsidiary of Paytm to […]
Missing on Client’s Deadlines? It’s Time to Automate Accounting!
For accounting firms, time is money. This is especially true for small firms aiming to build their reputation and businesses. Missing deadlines or erroneous tasks can prove detrimental to the image of such firms. If you have been struggling with paperwork or other tasks and your clients have been constantly chasing you for missed deadlines, […]
How to Interview & Hire a Great Bookkeeper and Accountant For Your Firm?
The process of recruitment is often long, strenuous, and dreadful. This is especially true for small CPA firms where the leaders and team members are responsible for performing multiple functions on the go. Hiring the right accountant for your CPA firm is a task, the importance of which can not be undermined. The accountant you […]
Capacity Planning in 2024: Everything You Need to Know
As we embark on the New Year, it is essential to address the most critical issue for every accounting and CPA firm – Capacity Challenge. While the year on the calendar changes and we continue to adopt newer technology, better accounting processes, and new-age AI tools, capacity challenge continues to be a pressing issue in […]
Choosing the Right General Ledger Software for Your CPA Firm: Top Solutions for Optimal Financial Management
Most accountants would be surprised to know the age of the advent of ledgers. More than 5000 years ago, the Mesopotamians used general ledgers on clay tablets. It was merely used to record quantities. The concept of a double-entry ledger system dates back to 1340 AD. Over the years, ledgers have passed through several civilizations […]
Visual Organization Hacks: Color-Coding Tips for Tax Document Management
Document management is not just a task in business, it is a means for smooth and effective operations. Every business needs it, and for tax firms, it is a driving force to help manage the heap of tasks that every task season brings. Tax document management ensures that the information is organized, accessible to all […]