PABS
A survey by QuickBooks1 revealed that 60% of small businesses face problems with cash flow. Interestingly, to better understand whether your business is doing good or bad, you need to understand the cash flow statement and how to prepare one. In this blog, I will discuss the importance of cash flow statement, how to prepare […]
You are stepping into a Chicago Public Library, having thousands of books from different categories and genres. It would be easy for you to pick books if books are meticulously organized and labeled. But if everything is scattered all over the place and you are looking for “Mind Games” by Nora Roberts, it would be […]
When asked, many small and medium business owners expressed significant trust and responsibilities towards their bookkeepers. And you may not be different to this. You may also feel close to your accountants or bookkeepers and believe that everything is in place. 37% of fraud is committed by company insiders. And you know what’s even more […]
At the end of the financial or fiscal year, you gather income, expenses, assets, and liabilities and record them in a standard set of financial statements. Once organized and reconciled, these year-end financial statements help you better understand your business’s financial position. While these statements are essential all year round, they never matter more than […]
Count down to the new year has begun. Now is the time to review your financial journey, where you are and where you are heading to, wrap up pending tasks to accomplish goals for 2023 and plan what you want to accomplish in 2024. Year-end accounting plan looks a little different for everyone. It’s a […]
59% of Accounting Firms reduced costs 47% resolved capacity issues, 31% elevated service quality, and 57% adopted a focused approach to core business activities – Source These facts reveal a compelling narrative. Did you know? These remarkable achievements are realized by entrusting specific operations to trusted white-label partners. Accounting firms are breaking free from tradition, […]
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 […]
