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Accounting & Bookkeeping

Do I Need Outsourced Bookkeeping Services If I Have Accounting Software?

Yes, you need outsourced bookkeeping services even if you have Sage, Xero, QuickBooks, MYOB, or other leading accounting software. And it’s hiding in plain sight. Why? You see, the benefits of these software solutions are undeniable—they streamline processes, reduce manual errors, and promise unparalleled data precision. But what if I told you there’s an uncharted […]

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SMBs

Rapid Surge in SMBs Opting for Outsourced Accounting: Uncovering Transformation Drivers

70% of small and medium businesses outsource some portion of accounting needs to third party – Source Outsourcing has been a buzzword for a while; the emerging outsourcing accounting trends in small and medium businesses reveal a notable upward trend in interest and adoption. Traditionally, SMB owners relied on in-house accounting teams to handle financial […]

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Tax Preparation

Outsourced Tax Preparation Services: Gains for Firms, Joy for Clients

Accounting firms, regardless of their size, frequently encounter limitations in terms of available resources, time, and expertise. The seasonal nature of tax work, coupled with strict deadlines, can easily overwhelm internal teams. Tax regulations are in a constant state of flux, requiring ongoing training and staying updated with the latest changes. Additionally, meeting the diverse […]

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Nonprofit

Outsourcing Nonprofit Accounting: The Secret to Maximize Mission Impact

There are over 1.5 million nonprofit organizations operating in the USA – National Center for Charitable Statistics. In my accounting tenure, I’ve witnessed the struggles nonprofits face when financial hiccups disrupt their vital operations and programs. The misallocation, poor reporting, and mismanagement of funds deprive them of the resources they desperately need. The common ground […]

Categories
Construction

Construction Accounting Myths: Demolishing Misconceptions Around Outsourcing

Did you know? There are over 3,787,470 construction businesses in the US – Source Running a construction company with multiple concurrent projects is a formidable endeavor, demanding exceptional organizational prowess. You may easily recall being swamped in steering projects toward success by embodying effective leadership and implementing strategic measures. In my career, I have seen […]

Categories
Accounting & Bookkeeping

From Quills to Cloud: Remarkable Evolution of Accounting

Did you know?  The 20-hours long bookkeeping process is now completed in just 15 minutes.  Thanks to the evolution of accounting and bookkeeping that is opening doors for new forms of value creation. At the same time, businesses are rethinking how to optimize accounting operations and achieve excellence.   Many of you may not know […]