Companies today opt for a leaner budget where outsourcing helps them by reducing headcount. We have listed five reasons why it's better to get external assistance on accounting and tax. Cost Reduction Most companies make the error of hiring too many junior accountants for low wages and convenience. This risks them as they may not...
Read MoreBookkeeping is the process of detailed recording of financial transactions of any business establishment. Accounting ranges wider than Bookkeeping. Accounting is a system in which a financial information of a company is classified, recorded, analyzed, summarized, and reported. Bookkeeping and accounting are entirely different in terms of their purposes. Bookkeeping or so-called recordkeeping is a...
Read MoreLife of a small business owner is no less than a juggler. As a business owner we must juggle multiple priorities - bring in business, take care of the bills, follow-up on payment to name a few. We are also the manager of our business. Accounts unfortunately gets left behind, especially if you are not...
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