What is Centralization? Centralization is the process in which activities and systems are localized in one area either a department or a team. In the terms of […]
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Reasons Why Your Business Needs In-sourced Accounting
Accounting services are one of the most cost-effective functions a small-size business can in-source. Although cash flow may not permit employing data entry bookkeepers, controllers and or […]
Accrual Accounting and How It Benefits Your Business
What is Accrual Accounting? Accrual Accounting is a method that records revenues and expenses when they are incurred, regardless of when cash is exchanged. The term “accrual” […]
Benefits of Outsourcing Accounts Receivable
Accounts receivable is money owed to a company by its debtors. As a functioning business entity, you provide goods and services and at times on credit. It […]
13 Basic Accounting Terms Every Business Owner Should Know
Knowing basic accounting terms and what they mean makes it easy for you to understand the state of your finance as a business and to formulate strategies […]
A Guide to Insourced Accounting
It’s the finances that usually determine if a business is doing good or bad. Insourced accounting is one way of staying on top of your game when […]