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Considering the aforementioned advantages of outsourcing to India, no wonder why the country has become the preferred outsourcing destination for business across the globe. Another common IT services that companies outsource to India includes software testing and quality engineering to ensure the successful launch of their digital products. Considering the benefits outsourcing brings to the table, …

Pros And Cons Of Outsourcing To India And Other “Low Cost” Destinations Read More »

Like the Philippines, India has been a profitable outsourcing destination for hundreds of companies including Silicon Valley giants like Google and Facebook. However, as IT services require specialized knowledge and equipment, you’ll have to train your in-house staff and set up the infrastructure for it. Access to a large talent pool, lower salaries and support …

Outsourcing to India: Everything You Need To Know Read More »

The IRS estimates that it takes 16 hours (including the time it takes to gather the necessary documents) to complete the Form 1040, the individual return that nearly 70% of Americans use. Lack of time and an increasingly complicated tax code are leading more and more people to seek outside help in preparing their tax …

6 Bookkeeping Franchise Opportunities for Number-Crunchers Read More »

Beyond this, having a clean, organized financial infrastructure makes things significantly easier for your business come tax season. If you’re aiming to raise additional funding or are targeting a potential exit, well-organized financial record-keeping will significantly streamline the due diligence process. If your firm doesn’t have a bookkeeper on staff, it’s likely they take up …

Outsourced accounting: benefits, types, and getting started Read More »

This can appear to show EPS growth, even while earnings may be static or declining. EPS is affected by a company’s earnings and number of outstanding shares. If earnings decrease or the number of shares increases, EPS will decline as well. Earnings forecasts are based on educated guesswork from analysts and are often too rosy, …

Calculating Earnings per Share EPS Read More »

One of the most common causes of discrepancies in bank reconciliations is delays in deposit and transaction processing. Checks sent or received at the end of the day, or toward the end of the month, may be subject to high low method calculate variable cost per unit and fixed cost delay which will prevent them …

What Is a Bank Reconciliation Statement, and How Is It Done? Read More »