When most people hear forensic accounting, they may think of a highly trained professional with a lab coat, analyzing a blood stain on the floor by the windowsill.   But forensic accounting has more to it than what meets the eye. What Is Forensic accounting? Today’s news broadcasts will likely include a story about fraudulent activity….

Cash versus accrual accounting can be a confusing subject.  Business owners who have never had to deal with the financial side of a business have a lot of questions about it.  The idea that accounts are cash based or accrual based seems to be an obstacle for many business owners and so to help them…

Accounting principles and standards are absolutely necessary for any business as they help to clearly explain financial information. But these principles and standards can also be very complicated and convoluted. Keeping up with the latest publications and making sure your business follows accounting standards and principles can be a long and difficult task. The accounting…

It is sad but true. In today’s digital age, accounting violations are becoming more prevalent. The most common ones are fraudulent refund requests and cash discounts. You can proactively prevent these violations by implementing stricter internal controls.  Is there a police force dedicated to accounting that investigates and charges violators? Accounting is a complicated field…

Every business needs accounting software to keep a check on cash flow and to keep their accounts in order. Finding the right solution for your business, however, can be tricky if you don’t know what to look for. The language of business One common expression refers to accounting as “the language of business.” The needs…

What have we learned after a couple of years of great difficulties and economic upheaval? We all want to know more about what small businesses have learned from the past and how we will implement those lessons in the future. The biggest problem in 2020 and 2021 is not COVID; it was the chaos that…

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…

The buzz about 5G has been slowly building for a few years, and it seems like everyone is raving about its potential. While it is true that its full implementation is moving at a snail’s pace, it is finally here and is spreading quickly across the planet like wildfire. Business experts, as well as techies,…

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…

I. Accounting outsourcing services’ impact on small companies II. How can outsourced accounting help businesses III. Other accounting trends for 2021 IV. Key takeaway An essential aspect of any organization is perhaps the cash that comes in and the cash that goes out every single day. That is why accounting, though overlooked most of the…