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…

Today, companies of all sizes work to become more efficient by paying an outsourcing company to handle a part of their operations, specifically their back-office functions.  We often hear about outsourcing and how companies have come to embrace it when it comes to running their business. Not to over-romanticize it, but outsourcing allows people from…

Accurately measuring and evaluating KPIs is crucial to the success of your company. Let’s review how you and your organization can take advantage of KPIs to grow your business. Today’s management and sales teams must rely on Key Performance Indicators, or KPIs, to make decisions and run their teams effectively. Sales teams are specifically crunched…

There are two ways for a business to stay out of the red. One is to do everything it can to increase sales. The other is to reduce costs. All business owners want to make money, but sometimes they are doing it the wrong way. For one, they are spending too much money, and often…