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F&A

Finance and Accounting Tips for Small Businesses

Finance and Accounting Tips for Small Businesses

It is never easy to start and sustain a small business and it is all but impossible to run a business without proper access to financing and working capital. In the management of any small business, finance and accounting play an existential role. Every business operates on money and without control over money there is […]

5 Key Reasons to Outsource Payroll Processing

5 Key Reasons to Outsource Payroll Processing

The fluctuating economic conditions and global uncertainties compel businesses to constantly work on ways to streamline their business processes while remaining cost-effective. Outsourcing time consuming and non-core business process activities can help to boost business productivity by enabling organizations to focus on mission critical tasks. The importance of payroll processing Payroll is a particularly critical […]

5 Best Practices in Accounts Payable

5 Best Practices in Accounts Payable

Accounts Payable is defined as the collective amount of a business enterprise’s short-term obligations to pay their suppliers for the different products and services that the enterprise purchased on credit. In the current business climate, business enterprises in every sector are under tremendous pressure to perform a lot of tasks with limited resources. Therefore, businesses […]

Internal Audit Costs: A Critical Metric of CFO Services

Internal Audit Costs: A Critical Metric of CFO Services

Internal Audit was originally conceived as a way of protecting and preserving business assets and function as well as ensuring compliance with standard regulations; now its importance has expanded to being used as a parameter to drive business change and add business value. The maintainance of internal audit is evolving into a distinct area of […]

6 Best Practices for Record-to-Report Process

6 Best Practices for Record-to-Report Process

Record to Report (R2R) forms an important aspect of the Finance and Accounting process. It provides the necessary insights on the strategic, operational and financial facets which gives an in-depth idea of an organization’s performance. It involves complex processes of gathering, converting and supplying information to stakeholders who want to know if their expectations have […]

AR Tips for Small Business Owners

AR Tips for Small Business Owners

Efficient management of cash flow is one of the key stepping-stones for the success of a business enterprise. A smooth and uninterrupted cash flow is what ensures on-time payments for the company’s employees, suppliers, owners, vendors and thus, the viability of the business. Therefore, a robust system needs to be in place to ensure that […]

10 Effective Practices for Accounts Receivable Invoice Billing

10 Effective Practices for Accounts Receivable Invoice Billing

Most companies forget the fact that only accurate and precise billing can ensure smooth cash at all times. Faulty and inaccurate billing can lead to delayed receipt of cash, the customer charged with payment for wrong amounts and other such instances that have the potential to lead to disputes. This is precisely the reason why […]