Payroll automation can save your business from undesirable errors and time-consuming processes. Whether you are a small business or a big business with a large employee base, automation in payroll can help you streamline a myriad of business processes. Before we go through the benefits of payroll automation, let’s first understand what it is. What…
read moreCash is to business what oxygen is to the human body. No department of an organization can run without funds, and if you want your business to be successful, you gotta be an expert at cash-flow management. Turning a blind eye to cash flow management will only lead to losses your business eventually pays the…
read more“What does a CFO do?”- is one of the most frequently asked questions in the financial world. A CFO or financial health. Since they oversee the company’s finances and make sure that all reports are accurately and timely completed. The CFO is the highest financial position in the company. Since the CFO dons multiple hats,…
read moreKeeping a close eye on your company’s finances is important, and as an entrepreneur, you know the importance of having a CFO. Hiring a full-time CFO is quite expensive, and that’s where you can go for a fractional CFO. If you are wondering what’s a fractional CFO and the benefits of hiring one, this post…
read moreFinancial forecasting is indispensable to the success of any business to chart the right course for optimum financial efficiency and profitability. Bidding adieu to guesswork is your best bet if you wish to have a rational blueprint at your disposal. An old saying goes that the purpose of forward forecasting is not predicting the future…
read moreAs we know, determining the business's financial health is considered as crucial as running the business itself — it indicates the outcome of the business's policies and operations in monetary terms. Financial health is usually taken into consideration because of two factors. One is to evaluate the business's sustainability and take corrective action if an…
read moreFinancial statement mirrors the health and status of your business. Sorting through various aspects such as debit, credit, income, and expenses calls for financial literacy. Accounting is a language in itself; to understand financial summary, you must be wary of a few accounting terms. We are often approached by our clients with plenty of questions…
read moreSmall business bookkeeping and accounting bring loads of complexities and choosing whether to do it in-house or hire an
read moreCash is trash; is it a new concept? No. To understand why cash is losing its power, we need to understand and acknowledge the economic factor and what exactly cash is. As per our system, we categorize any holding of value as an ‘Asset.’ These assets are of different forms as well, such as fixed,…
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