Bookkeeping is one of the most important aspects of a business and also one of the most time-consuming. A.I. is already changing different aspects of our lives, but how will it affect bookkeeping? This article will look into different changes that could happen in the accounting and bookkeeping industry, and how A.I. will help make…
Unless you have been living under a rock, you have probably heard of the term “blockchain” being used in facebook posts, news articles, and your daily conversations. But what is blockchain used for? The simplest answer to that question is… EVERYTHING! Specifically, in the accounting and bookkeeping field, blockchain is used in a number of…
Bookkeeping is a job where you can get paid for working with numbers and forms. This can be an excellent career for a number of different people. There are many different skills that are needed for bookkeeping, and a professional needs to keep all these skills engaged. If you want to become a professional bookkeeper,…
Bookkeeping can be quite a daunting task, but it is no doubt an essential function for a business. But what exactly is bookkeeping? The terminology, the methods, there is so much to get your head around. The word “bookkeeping” suggests that it’s about recording financial transactions in books. However, bookkeeping is more than just recording…
The growth of technology and the Internet has changed the way we do business. As a result, more and more companies are opting for accounting assistance over doing the task on their own. It is no surprise that the online bookkeeping services industry is booming. In fact, a recent report revealed that the number of…
Businesses are increasingly turning to cloud-based accounting and bookkeeping software, and for good reason. There are lots of benefits of using the cloud in bookkeeping. The cloud has revolutionized the bookkeeping process for businesses of all sizes. Gone are the days of bulky file cabinets and paper ledgers. Instead, businesses can now take advantage of…
Should your accountant know everything about your finances? Should they know how you buy your groceries and how you pay your bills? The answer to that question depends on who you are, your business and how much you are comfortable sharing with your accountant. This blog takes a look at different issues businesses should consider…
In the last decade, accounting practices have changed dramatically. In an effort to be transparent, auditors have found that they can offer more value to the clients by helping them to find issues before they become problems. This is where the IFRS (International Financial Reporting Standards) and US GAAP (Generally Accepted Accounting Principles) come into…
Most businesses have to deal with bookkeeping. It’s the core of any business. The beauty about all this is that now you can get bookkeeping done, and not just that, you can get it done remotely. This means that you can do it from anywhere, and you can get things done even faster and more…
Keeping track of business finances can be a challenging task. There are a lot of daily transactions that need to be monitored and recorded. If you do not keep an eye on these transactions then it may lead to financial headaches down the road. That is why it’s a good idea to hire a bookkeeper….
