Addressing the Latest complications of the accounting industry with outsourcing
The year 2024, continues to be a year of mixed emotions for accounting firms. While the conversation around inflation is rife, there is also hope for better days, based on which, accounting firms are constantly increasing their investment in tech, hiring, etc. What happens, we will know for sure, as time goes by. But several […]
Accounting Burnout: Meaning, Signs & Tips to Tackle Bookkeeping Fatigue
A recent study has showcased that a whopping 99% of accountants suffer from some level of burnout. This number is not just alarming in terms of the mental health of these professionals. The same study also shows that this high level of burnout leads to errors in the books. Nearly 49% of the accountants had […]
Accounting Industry Trends to Follow in 2024
Accounting firms, in the US, are navigating through a series of challenges and trends in 2024, propelled by economic conditions, technological advancements, and changing market demands. For over half a decade, the world has witnessed enormous changes and the accounting field is no exception. The technology that is in use today or expected to be […]
Managing Accounting Hygiene for Your Accounting Firm: 5 Tips
While making a profit at a lesser expenditure lies at the core of a CFO’s responsibility, today surpasses the expected. In an accounting and financial setup, a CFO is held in the highest regard to ensure that there is a smooth operation of all business functions, employees are at peace and the forecasts made are […]
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 […]