The semi voice process means that the customer service rep handles both voice and non-voice communication channels for customer interactions. They use a mix of verbal and written communication to provide customers with any help they need. Accounting software is often integrated into or connected to back-office software for inventory management to simplify the exchange …
What is back-office automation? for non-technical people Read More »
The Advanced Plan is the final tier for $100 per month for the first three months, then reverts to $200 per month. This allows more users (up to 25) and increases analytics for users to assess the business’s health. There is workflow automation, data restoration, batch invoices and expenses and on-demand training. This plan also …
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, …
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 »
Now, the income summary account has a zero balance, whereas net income for the year ended appears as an increase (or credit) of $14,750. Now that we know the basics of closing entries, in theory, let’s go over the step-by-step process of the entire closing procedure through a practical business example. That’s exactly what we …
Use Closing Entries to Wrap up Your Accounting Period Read More »
The key benefit here is in the automated reminders part of the accounts receivable process. When your client sends an invoice to their customer, an automated email sequence goes out reminding them that the invoice is past due. Implementing an AR automation solution can streamline this process significantly, reducing the need for manual intervention and …
How to Automate Accounts Receivable Process Through Software Read More »