Hiring Certified Tax Preparer in 2023: Useful Tips to Consider
Planning to hire a certified tax preparer? You are not alone this tax season. Timely filing of taxes has great importance for businesses of all sizes but a lot of business owners due to limited time or bookkeeping knowledge fail to do the same. As a result, they either run out of time or fail […]
6 Accounting and Tax Software Widely Used By CPAs in the USA
There was a time when CPAs spent hundreds of hours manually managing books to keep company finances in good shape and calculating taxes the traditional way. Thanks to modern accounting and tax software, tasks like accounts receivable & payable management, bookkeeping, and tax filing are no longer herculean in nature. Modern accounting and tax preparation […]
7 Invoice Management Tips and Solutions for Modern Businesses
R&D, operations, production, sales, and customer support – there are many tasks that leaders have to deal with while running a business. While invoice management doesn’t seem as challenging as other functions, it’s critical for a smooth AR process. If managed accurately and in a timely manner, invoice management aid regular cash flow, check accounting […]
Improving Accounts Receivable Process: Best Practices from Finsmart
Having an efficient accounts collection process means you can maintain good relationships with clients, improve the business’ cash flow, and manage tasks that take precious time. Young business owners however have little idea of how to improve their AR collection. As a result, they are exposed to the risk of not having enough cash on […]
16 Basic Accounting Terms and Definitions for US-based Businesses
How often have you ended a call with your accounting team feeling befuddled about an accounting term? If your answer is a lot of times, then, you’re not alone. A lot of business owners in the US (and at other places too) aren’t familiar with common accounting terms and definitions. However, in order to manage […]