Technology has transformed business in fundamental ways. For the field of accounting, it has introduced new variables in a world previously viewed in black-and-white terms.Read More
Consider all the tasks your team must complete to get cash in the door. Every month they create, print and mail invoices. Not all payments come in on time, so your staff must identify clients who need follow up. That usually requires running AR aging reports and sorting them manually to prioritize the calls. Then there are phone calls to be made, followed by waiting for payment and another round of follow-up calls - just in time for the next month’s invoicing cycle.Read More
The bigger your small business grows, the more job positions you develop. Now is the perfect time to hire professional workers who will dedicate their knowledge, time and experience to help in the various office, sales and manufacturing roles. It is also the time to look toward payroll services so you can efficiently pay these new workers, keep track of employee benefits, and file employee payroll taxes at all state and government levels.Read More
Accounting is no easy task, as suggested by the challenges of receivables payment management, which includes bad debt write-offs, making the accounts receivable staff more productive, and portfolio risks.
It is, therefore, important for a finance team to delegate tasks and do more despite having the minimum number of employees in the department.
It's no secret that managing your business finances can be tedious and time-consuming.Read More