Category: Outsource Accounting

Having reliable, timely, and systematic accounting, bookkeeping, and financial management operations contribute to the success of a business. In particular, data processing, debt collection management, payroll processing and management accounting should be done honestly and accurately. Small and medium-sized business owners should be careful when outsourcing their accounting and bookkeeping tasks since there are variousRead more

Falling into error is the number one danger that non-accountants face when doing bookkeeping. There is a higher risk of making an error when those who do your bookkeeping do not accurately follow the steps necessary for such task. This thing happens when companies choose to delegate bookkeeping tasks to non-accountants to save resources. Based on aRead more

Proper debt collection starts with good bookkeeping and proper accounting. Debt collection is an issue that most businesses, regardless of their level of success, have to deal with. One thing that separates a successful business from the rest is how they prevent debt from hurting their cash flow. Top-tier companies tie up with expert accountingRead more

Cloud-based accounting software is all the rage for companies of different sizes at the moment. Gone are the days of the spreadsheets and locally installed software for managing the company’s accounts. Today, savvy business owners use a cloud-based software. Aside from improved collaboration and real-time reporting, there are other benefits to migrating your accounting toRead more

One of the biggest buzzwords for maximising business efficiency today is Cloud computing. Everything seems to be happening in “The Cloud”. Cloud-based software. Migrating to the cloud. Stored in the cloud. Accessed from the cloud. But what is it, and how important is it to your business? The term is just a metaphor for theRead more

Cloud Accounting software uses Xero and MYOB as tools in its practice. Most companies today have realised the benefits of cloud computing. The list will include convenience, improved collaboration, enhanced security, and lower IT costs. Thus, it is not surprising that a lot of small and medium-sized businesses has shifted to cloud and outsource accounting.Read more

Outsourcing is sometimes better for SMEs in order to maximize profit and work efficiency. In the book entitled E-Myth, Michael Gerber highlighted one of the challenges that small business owners encounter: balancing growth while trying to do everything alone. Many entrepreneurs have great skills and talents, but as the business grows, they soon realise that theyRead more

Today, BPOs are continuously growing in number around the world. So, businessmen’s success on this trade basically depends on the location of their businesses. One of the most popular outsourcing destinations for years is Philippines. To sum up the reasons why, below are a few factors that substantiate this claim: 1. Cultural Compatibility The PhilippinesRead more

 Cloud Accounting is a software that works to maximise efficiency in the practice of accounting. With the rapid growth of the Software-as-a-Service (SaaS) business model, more and more applications and derivations of the concept are developing to make them available for business owners. Cloud accounting is one of the most promising new technologies that is nowRead more