finance

Counting on Blockchain: Revolutionising Accounting

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As we observe the dynamic realm of finance and accounting, technological developments have consistently shaped how professionals manage and process financial data. A particularly notable innovation gaining attention is blockchain technology, originally designed for cryptocurrencies like Bitcoin but now emerging as a transformative force with the potential to revolutionise diverse industries, including accounting. Blockchain technology’s … Read more

The Transformative Impact of Outsourcing on Businesses

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How outsourcing changes businesses? One of the main reasons for outsourcing is to save money. But not only outsourcing is cheaper, it also removes some of the complexities and costs of employment. Legal, recruitment, compliance, taxation, healthcare and office management, are a few of these complexities. Businesses can also avoid expenses associated with overhead, equipment, … Read more

Unlock the Potential of Outsourcing to Stay on Top of Your Payables

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Accounts Payable (AP) is an important figure in a company’s balance sheet. In the present world of cutting-edge competition with essential information at your fingertips, accounts payable management is among the heftiest tasks for businesses. If AP increases over a prior period, that means the company is buying more goods or services on credit, rather … Read more

10 Tips for Effective Debt Management for Business Owners

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If you’re a business owner, you know that debt is part and parcel of running a business. A business loan can help you get your business off the ground, lines of credit can help you manage cash flow, and a credit card can be a lifesaver when you’re short on funds. Debt managed well can … Read more

10 Things to Consider Before Choosing an Outsourced Accounting Partner

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Businesses in all industries are starting to turn to outsourced accounting services for help managing their finances. Outsourcing accounting services can provide a great deal of cost and time savings, allowing businesses to focus on what they do best and leave the financial busywork to experienced professionals. An outsourced accounting partner can provide a great … Read more

What is CAPEX, and why is it important?: The ins and outs of capital expenditure

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Capital expenditure, or CAPEX for short, is essential to any business. It is important for business owners to understand CAPEX and what it can reveal about your business. You may have a lot of questions about CAPEX. What is it? Why is it important? In this blog, we’ll answer all those questions by giving you … Read more

Everything You Need to Know About Human Resources Business Process Outsourcing (BPO)

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For business owners, human resources (HR) is a critical aspect of running a successful organization. From recruitment and onboarding to employee reviews and benefits programs, managing your company’s HR responsibilities requires careful coordination and frankly, a lot of work. As your business grows, the demands posed by HR can become overwhelming. That’s where business process … Read more

How much is your small business worth?

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The Top 3 Ways to Value Your Small Business Determining the value of a small business is not always a straightforward process but it is worth the effort to get an accurate valuation. But you may be wondering why it is important to have a business valuation in the first place? There are actually several … Read more

Blockchain & The Future Of Accounting

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The world of accounting is changing. And it’s all thanks to blockchain. Yes, that’s right. The same technology that powers Bitcoin is now being used to revolutionise how businesses keep track of their finances, and accountants must adapt to reap the benefits of this innovative new technology. What is blockchain? To understand how blockchain is … Read more

Why accounting firms should outsource?

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The accounting industry is growing rapidly, and with this growth comes an increased demand for qualified accountants. Unfortunately, the global skills shortage makes finding and retaining qualified workers difficult as accounting firms struggle to find the talent needed to maintain high standards. Many accounting firms offer a comprehensive suite of services, including bookkeeping, accounting, payroll, … Read more