Danh mục: Bookkeeping

The first question you have to ask yourself is whether outsourcing your accounting needs realistically works for your business. Hiring a large accounting firm to cover the full service of all accounts can take a considerable amount from your small company’s net profits. If you’re outsourcing accounts payable data, you…

As a robust alternative to systems like Sage and Xero, it automates and consolidates accounting processes across multiple subsidiaries, providing real-time business intelligence and promoting remote collaboration. AccountsIQ enables seamless connectivity with applications like Autoentry, Lightyear, Salesforce, and various electronic banking systems. The financial industry is well known for being…

As a robust alternative to systems like Sage and Xero, it automates and consolidates accounting processes across multiple subsidiaries, providing real-time business intelligence and promoting remote collaboration. AccountsIQ enables seamless connectivity with applications like Autoentry, Lightyear, Salesforce, and various electronic banking systems. The financial industry is well known for being…

Their blog is a repository of fantastic insights for accountants and bookkeepers that go beyond just helping to get the most from QuickBooks. Some of the subjects covered include accounting technology reviews and thoughts on how you can adopt them within your own practice. Accounting blogs offer readers direct access…

Now, you record the money that your customers owe to you as accounts receivable in your books of accounts, which are one of the important current assets of your business. The goal is to increase the numerator (credit sales), while minimising the denominator (accounts receivable). In an ideal situation, a…

Using AR software to automate invoicing and follow-ups helps ensure no payment reminders slip through the cracks. Automated systems track each step so the AR team has an up-to-date view of all outstanding payments. This method reduces time spent on manual tasks and allows AR teams to focus on more…

ITIN holders do not qualify for such Social Security benefits. If you’re unsure whether you need an ITIN, check with your employer. How to renew an ITIN or check your ITIN status But due to potential processing delays, it’s advisable that you add some extra wiggle room. This is especially…

The current ratio reveals how a company can maximize its current assets on the balance sheet to satisfy its current debts and other financial obligations. The higher the debt ratio, the more leveraged a company is, implying greater financial risk. At the same time, leverage is an important tool that…

And even within the manufacturing line of business, a manufacturer in the aerospace sector will have a much different looking chart of accounts than one that produces computer hardware or even clothing apparel. Nevertheless, the exact structure of the chart of accounts is the reflection on the individual needs of…

Finsmart Accounting offers scalable remote accounting teams with the right sizing options to meet your evolving requirements. Whether you are based in Mumbai, New York, or anywhere else in the world, our offshore team of accountants and bookkeepers in India, can get the job done. Finsmart Accounting guarantees expertise across…