The way people run their businesses continues to change over the years, and as this happens, so does the need for accounting to evolve. Accountants face a long list of issues, and it is essential to focus on ways to eliminate them. Still, despite the improvements made in the past, the accounting industry faces many…

Running a business can be overwhelming, but that does not mean you should lose sight of your financial results. After all, it is not just passion and ideas that drive your business. Money is the fuel that keeps it going.   Believe it or not, one of the things business owners tend to overlook is the…

Businesses are involved in various daily activities, among which is accounting. Simply put, organizations cannot operate successfully without an accounting staff.  The question is whether to hire the team in-house or outsource the work.   A business needs help from a qualified and experienced auditor or accountant so that all financial undertakings of the company are…

Among the few industries that continued to thrive during the pandemic is Business Outsource Processing. While multinational companies tried to cut down on costs by eliminating unnecessary spending, they continued to invest in outsourcing.  This continued growth is a testament to how companies perceive the value provided by the BPO sector. As BPO companies continue…

Business Process Outsourcing, or BPO, is expanding at an accelerated rate each year and exhibits no signs of slowing. Although some companies have doubts, it has not stopped the progress of outsourcing; specifically offshore outsourcing. The present era of international economic competition is fierce, and the need for advanced customer service experiences and other back-office…

It seems like an annual ritual for business owners to panic about clearing the accounting and bookkeeping tasks that have stacked up on their desks each time the tax season approaches. If this sounds like you, then why not opt for accounting outsourcing to deal with these issues with ease? Accounting is an important matter…

In this article, we will take a closer look at the BPO sector, and how its close relationship with Filipinos has spun a multibillion-dollar industry.  Among the many things, the Philippines is renowned for being the Business Process Outsourcing capital of the world. Even in the age of the internet, many have still not heard…

Surprisingly, even accounting firms that are supposed to be the experts in their field, can be inefficient when it comes to their own accounting practices. Finding a solution to these problems begins by identifying and acknowledging the pain points in accounting practices. Accounting principles are the primary assumptions, rules of operation, and essential characteristics that…

There seems to be a shortage of accountants and bookkeepers. In this day and age of automation, you would think otherwise. What is the solution? It is getting harder to find quality accountants as most millennials and Gen Z’ers would rather take courses in data science, digital marketing, and information technology. Most Baby Boomers who…

Accounting principles are the basic premises, policies of operation, and fundamental components that lay the groundwork for the development of financial statements. These principles are indispensable when drawing up an earnings report, just as the rules of a football game make the sport possible in the first place.  Accounting principles are the glue that holds…