We are going to be writing about so much cool stuff to help you grow your business, understand your financials and extract actionable insights. Our team will share with you how cloud, robotic automation, machine learning and AI is changing the way accounting will be done in the future. Sign up for our newsletter and check out our blog every Wednesday. You will also find useful business resources and tools.
Worried about the state of your books of accounts? Don’t sweat it. Each and every entrepreneur has a story to tell about the mistakes they ended up making while learning the ropes. Lucky for you, it’s mostly easy to correct some of these mistakes if...
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Everyone agrees that bringing yourself to account for resources in your possession is a great thing to do. To laymen and women, this could be daunting – mostly due to the perceived “technicality” involved. You’ve probably seen accountants and finance gurus not practicing what they’re...
Read MoreA lot of people tend to confuse bookkeeping with accounting. But these two functions are different, well, to some extent. While accounting is a more senior organizational function, bookkeeping is more associated with small and medium businesses. This is one of the main differences between...
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Only countable individuals get to build truly sustainable businesses in their lifetimes. By a sustainable business, I mean one that can actually operate without your active participation. Source of image: https://pixabay.com/ Warren Buffet is one such person that has managed to create numerous successful businesses...
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Let’s for a moment, imagine that all the business applications you know of today vanished in thin air; how would life be? Apart from losing data, I’m sure some would probably give up on their businesses altogether. Well, that situation can be likened to using...
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There’s no doubt that accounting and bookkeeping fundamentally require high levels of accuracy, efficiency, and effectiveness; if any of these ingredients is missing, you might not get the best out of the practice. Many people hire bookkeepers hastily either because they realized how messed up...
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They say in life, only two things are certain – death and taxes. And since you’re still here reading this, the only thing you have to deal with is the latter. As a business owner, you find yourself battling with various issues in the business...
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Here’s a quick one for you – have you ever come across a business that runs without an accountant or a bookkeeper and still thrives? If you have, then that has got to be one in a zillion. But don’t get this twisted; we are...
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Starting a business is one thing; but running it successfully is a whole different thing altogether. Sometime back, I remember reading a publication by Forbes that revealed that more than 90% of startups ultimately fail. But one couldn't help but wonder, what are the 10%...
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Many a time small businesses find it useful to outsource a portion of their operations perhaps to concentrate on those they consider to be of greater importance. One of the popular arms of a business that gets outsourced is the bookkeeping/accounting function. Smart businesses know...
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