Accounting Employee to Firm Owner: Here’s How to Make Smooth Transition
Accountants want to make a shift from being employees to firm owners, at least most of them! If you have the aspiration and have been thinking about this transition, then congratulations! You are mentally there. But it is not enough to just place yourself in the designation of your dreams. There is so much more […]
Real estate accounting: Basics, Challenges, and Best Practices
Real estate, in almost every part of the globe, is a booming business right now. It involves a huge number of financial processes and complexities. Because of the operational nature of the industry, the real estate sector needs exclusive standardized processes for accounting. Just like in most other industries, accounting forms the backbone of real […]
Contractors Accounting: Basics, Challenges, and Best Practices
The construction industry is highly complex. When it comes to their operations there are multiple layers to it. With so many people involved, it can often get difficult for accountants to analyze how to balance the books of their construction clients effectively. From delayed timelines to complex structure designs, several contractual terms and obligations, and […]
22 Accounting Conferences and Bookkeeping Events to Grow Faster
Networking is more than just a means to connect with like-minded people from your industry. It is an investment that you make in time and effort to reap the benefits you foresee for your business. Over the years, the accounting and bookkeeping industry has undergone massive changes. As accountants find themselves navigating through changes in […]
How to Set Goals with Your Accounting Team This Busy Season?
As the busy tax season approaches, accounting firms often struggle. There is a sudden spike in the workload, tight deadlines, and extraordinary pressure on the accountants to deliver accurate and timely services. No matter how much accountants like their job, they dread the busy season. Long hours, all-nighters, and no time for family, when coupled […]
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 […]