Start an Accounting Firm or CPA Practice: 9 Things to Know
Starting an accounting firm doesn’t have to be as difficult as you think. We are in times when startup culture is dominant. The youth are ambitious, focused, and full of dreams. But it is not enough to just dream. As the young generation of accountants steer away from the regular 9-5, aim for a career […]
Communicating in Accounting: High impact Strategies for CPAs and Firms
Accounting is a niche field. While you might think that your clients know all about the jargon and the nitty gritty involved in accounting. Over the past few years, the accounting and finance field has undergone an enormous amount of changes. These are not just limited to technology and automation but also include the introduction, […]
Increase Your Accounting and Bookkeeping Prices With These Tips
Pricing accounting services is a critical genre that must be treaded on carefully. While you must charge for the service you provide and the values you add, it is only normal to doubt your offerings in the competitive market. Questions like “Am I charging enough” or “Am I charging too much”, and even “Will accounting […]
Evolution of Accounting in the Past Decades: Automation, Remote Work, and More
As they say, change is the only constant. In the field of accounting, this is especially true. Accounting, as a profession, is considered one of the most essential pillars of any business. While businesses change how they function, the tools they use, and the goals they look forward to, it becomes inevitable for accounting leaders […]
Ecommerce Accounting Types, Best Practices, and More for Accountants
Accounting and bookkeeping are important irrespective of the business you deal in. For business owners, it is critical to have healthy and spot-on accounting practices to have a clear knowledge of where the business stands. For e-commerce businesses, it becomes all the more crucial because of the rapidly changing landscape. Accounting in e-commerce needs careful […]
How to Make Tax Season Less Stressful: Guide for CPAs and Accountants
The stress of accountants during the tax season is a known affair. But what is it that contributes to the enormous madness? For most firms, it is data collection. Accounting firms constantly struggle to acquire data from clients, fearing missed deadlines. Tax professionals have to endlessly organize essential documents and financial data, and cross-check them […]
Tax Filing FAQs 2024: Almost Everything Covered
Tax season is here. It is that time of the year when accountants feel confused, stressed, and in a chaotic state. While there can be a multitude of reasons for you to feel this way, knowing things – from the right documents you need to the deadlines and the laws that will affect your clients, […]
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 […]