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. […]
Email Management Tips for Busy Accountants and Bookkeepers
Do you control your email or does your email control you? An accountant’s day is already overwhelming – with spreadsheets, calculations, and invoices. Just like these things, most accountants also have their hands full with their emails. Starting the day with hundreds, maybe thousands of unread emails is not just a problem but can be […]
CFOs, Is Global Consolidation of Financial Statements a Challenge for You? Read this!
According to a recent survey by Blackline, although CFOs believe that it is essential to have the ability to access and analyze the firm’s data in real-time: – 37% of them admitted to not having complete trust in their data. – 50% of the senior accounting professionals mention that they do not completely trust the […]
Smart Cash Flow Management Reporting Tips, Ideas, and Tools for CPAs
Intuition is not what should lead a business; it is data that should be taken in the highest regard, especially when it is about money. A recent study shows that businesses that are led by data are 23 times more likely to gain customers and 19 times more profitable than businesses that rely on their […]
Accounts Payable Guide for CFOs to Maximise Performance
As a Chief Financial Officer (CFO), you most certainly understand the critical role that the Accounts Payable (AP) function plays in the smooth operation of your business. However, if you were to suggest to the members of your organization about its importance, they might not agree with you. In fact, it is one of the […]
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, […]