November 25, 2022

Many jobs require a specific type of person in order to provide the results you desire as an employer. Oftentimes, people in certain professions naturally have a couple of these qualities, making it easy for recruiters to find. However, finding someone with all of the qualities may be more of a challenge. Narrowing down good …

Continue reading “What Qualities Should a Finance Employee Have?”

October 28, 2022

Banks came from the societal necessity to safely facilitate, safeguard, and transfer currency. During ancient times, cities were often raided. Instead of allowing their treasuries to be ransacked and pillaged, people opted to have their wealth kept safe in private establishments, which later became known as banks. Before banks became a widespread institution, they were …

Continue reading “Pros And Cons Of Digital Banking”

September 23, 2022

Being the leader at an accounting firm has many responsibilities, the most prevalent of those being to increase performance and profitability in order to grow the company. With so many tasks to do, creating or choosing a strategy to achieve either goal is tough. The following is a list of relatively easy to implement, but …

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August 26, 2022

With the number of employers allowing for work from home or hybrid setups, finding ways to stay competitive in any industry is getting increasingly difficult. The solution to this problem comes in the form of overseas business process outsourcing companies. These companies offer remote professionals for any industry you need. In the case of financial …

Continue reading “What Is A Remote Accountant And How Do They Function?”

July 22, 2022

Have you ever watched a crime series on a streaming site and wondered why criminals have to launder their money before being able to spend it all? The short answer is because the money they make is illegal and being caught spending it can land them in jail. While the purpose of this article is …

Continue reading “Finance Crime: The What, Why, And How Of Money Laundering”

June 24, 2022

Reading this will either make you understand the basics of bookkeeping and encourage you to do it yourself as a small business owner or convince you to hire someone else. Do take note that this is written for small business owners in the US, as the names and laws may vary depending on where you …

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June 10, 2022

What do you call an accountant with an opinion? An auditor! I honestly have no idea if that joke is funny within the auditing world, but it seemed to be the most fun accounting/auditing joke on the first page of Google. Jokes aside, there are differences between the two professions even though they are closely …

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May 27, 2022

There are many benefits to outsourcing backend work, the two biggest benefits are saving money and time. Say you take the leap and decide to contact a business process outsourcing (BPO) company for your financial needs, they tell you about all of their services, and now you’re stuck. Which service works best? Which is the …

Continue reading “Choosing The Right Outsourcing Service For Accounting Staff”

May 13, 2022

Keeping track of business finances can be a pain. For most, this becomes a problem due to the frequency that assets have to be transferred. Larger companies can afford a proper financial department and will not need to worry about this, but small to mid-sized businesses often will need outside help or in some cases, …

Continue reading “Managing Your Finances: An Introduction to Outsourcing”

March 2, 2020

Outsourcing is not about firing in-house employees but hiring staff offshore so that businesses can operate more efficiently and effectively.