Accounting Standards
Accounting job
Hey, i've recently graduated and applied for the job of accountant in one good company. To my big shame there is some things that i don't know about journal entries, can someone enlighten me in this topic?
Data Science and Analytics: Helping Hands for Finance and Accounting Services
Data science and analytics is not just an option for finance and accounting service providers, it is a necessity in the present times. So, if accountants need to become future-ready, they need to incorporate the use of data science and analytics
Get to Know the Pros and Cons of Outsourcing Bookkeeping
As a business founder, you’ve got dozens of tasks on your plate, so the last thing you want to do is spend time reconciling your bank ledgers, paying bills and sending out invoices. One way to take that off your to-do list is to outsource your bookkeeping s...
What Types of Accounting Services Can Be Outsourced?
Entrepreneurs are very busy, which means they typically don’t have time to handle all of the accounting responsibilities necessary to operate their businesses. Outsourcing is one option for companies, but some entrepreneurs aren’t sure which accounting serv...
Accounting Leaders Reveal Industry Challenges of 2019
Every Business owner at an accounting or financial services firm knows the industry is undergoing dramatic changes. The effects of those changes are hitting firms from every angle and producing a whole new set of major business challenges. Here in this post...
Pathway To Growth: Innovations In Accounting Firm
With the increasing market competition, businesses are constantly trying to grow. Innovation and new technologies can be their pathway to this growth. Read on!
Accounting Firms Reveal What They Look Forward to in 2020!
Every accounting firm has unique requirements! Gain insights into the expectations of accounting firms in 2020 through top industry experts. Dig deeper now!
7 Reasons Outsourcing Can Trigger Business Growth During COVID-19
Ever since the world became aware of the COVID-19 virus almost a year ago, businesses have put mitigation strategies into place to keep their employees safe while also working to keep money coming in. As entrepreneurs grapple with the stress of this balanci...
How to Leverage Outsourcing for Managing Accounts Payable Tasks?
Managing accounts payable effectively is crucial for the smooth flow of cash and efficient management of funds in an organization. Accounts payable outsourcing allows one to delegate that task to experienced professionals and concentrate on more crucial adm...
Cogneesol - Delivering Accounting Services to help US Firms.
Outsourcing your accounting functions to a third party is a viable solution at this time as they provide services at reasonable prices. Here in this video, you can check the benefits of outsourcing accounting services.
The Role of Technology: Strengthening Relationships between Accounting Firms & Clients- Part 2
For boosting client-accounting firms' relationships, it is imperative to use the latest technology. Gain valuable insights into the tools that can help you achieve the same!
The Role of Technology: Strengthening Relationships between Accounting Firms & Clients
Accounting firms and customer relationships! Dig deeper to know how technology aids in the establishment and maintenance of long-term customer loyalty!
Why Spreadsheets aren’t the Best Fixed Assets Management Tool?
Fixed assets management is complicated and challenging in every way. Read to know how software outshines the spreadsheet option for fixed assets management.
How should Retailers get Prepared against COVID-19 in 2020?
COVID-19 & the retail industry! Know what strategies retailers need to adopt in 2020 for dealing with the emerging challenges due to coronavirus. Dig deeper now!
Accounting Controller
When do you need a controller? When should you upgrade?
Leaving Entrepreneurship? How to Go Back to Being an Employee
Sometimes the launch of a business doesn’t work out, and the best option to earn a living requires finding a new job opportunity. You are far from alone, as data show that about 80 percent of new businesses fail within the first 10 years. But being an entre...
What a virtual bookkeeper can do for your business during Covid-19
Now-a days Virtual accounting is a new trend during this Covid era that allows qualified accountants to offer their accounting services remotely. Businesses owners take advantage of this efficient, flexible, and cost-effective accounting option so that they...
Are Old-Fashioned Ventures Like Cabinetry, Metalsmithing Possible?
Entrepreneurs are fueled by a desire to do something worthwhile but one that also provides income. Nowadays, old-school vocational jobs are making a comeback, as consumers are increasingly looking for products different from factory-produced lookalikes, and...
Silicon Valley sees record 25 “unicorn” companies emerge in Q1
The pandemic apparently has not troubled the course of venture funding as a slew of private companies in the Bay Area have ballooned in value since January. In 2021’s first quarter, California’s Silicon Valley marked 25 private companies that topped $1 bill...
How to know when it's time to pivot your business model, and how to do it
Small businesses were among the hardest by the COVID-19 pandemic. More than 100,000 small U.S. firms were permanently closed just two months into the crisis, while countless others struggled to stay afloat.
Top hacks for boosting productivity from Elon Musk to his employees at Tesla
Often starting on a shoestring budget, startup founders and small business owners are tempted with the idea of doing everything themselves, especially in their early years, to save on costs. In some situations, it might make sense, but deciding whether to s...
Microsoft Teams vs Google Meet vs Zoom: What are the differences among the trifecta of video calling platforms?
As the COVID-19 pandemic hit across the globe, the internet, networking tools and remote working have become the chatter of the online world. Remote working was not something that happened out of nowhere, and it was also not something that was intended. ...
7 ways to turn the awkward work one-on-one into a meeting of the minds
Often held with minimal planning and even less enthusiasm, one-on-ones are usually a source of frustration and stress for workers and managers. In fact, most employees dread face-to-face meetings with their reporting managers, with many viewing them as t...
3 times when a CEO may be held responsible for their business’ noncompliance
You may think setting your business up as a Limited Liability Company (LLC), Limited Liability Partnership (LLP), or corporation gives you full personal protection from legal consequences if your business is found to be noncompliant with corporate regulatio...
Why small businesses should be wary of the possible global minimum tax on large companies
Many people believe that the global minimum corporate tax— which the G20 signed off on July 10 — will affect only tech giants and sprawling multinational corporations.
Managing a remote team requires a new playbook
Remote working has been in full effect since the coronavirus pandemic hit last year. In fact, according to one Stanford researcher, 42% of the U.S. workforce is now remote. And while most business leaders have managed to cross the initial barrier of moving ...
8 common mistakes small business owners make when filing their taxes
The necessity of focusing on customer acquisition and sales means taxes often take a back seat for small businesses. Many owners don’t think about taxes until the final days before taxes are due. Others get mired in the complexities of the process and end u...
7 Real World Use Cases for Robotic Process Automation in Accounting
Software that can automate routine, time-consuming tasks is catching hold in accounting. Commonly known as robotic process automation, the technology frees up staff to devote their skills to higher-value work.
Funding boom in U.S. startups fuels demand for outsourced CFOs
As startup fundraising surges, there has been a corresponding swell in the demand for outsourced chief financial officers who work part-time for several companies.
Research shows the digital workday never really ends. Are digital charters the solution?
Digital technology has long blurred the distinction between office and home for white-collar workers. And the office-home division has been further eroded by the shift to remote work amid the coronavirus pandemic.
Why do female founders receive less capital even though they deliver better results?
Businesses founded by women deliver higher returns on investment — more than twice as much per dollar invested and stronger cumulative revenues at nearly 10% more over a five-year period — than those led by men, according to BCG research. Nevertheless, they...
3 ways small businesses can soften the impact of Microsoft Office 365’s price increase
Small business owners brace for impact. Microsoft is raising prices on Office 365. And you might need to budget in advance for this one.
Employers roll out new benefits to attract candidates in a tight labor market
As the talent wars heat up, employers are debuting novel ways to attract workers. They are offering previously unheard-of perks, like fertility benefits, financial wellness resources and pet insurance, in a bid to stand out.
How your accounting firm can add outsourced CFO services
Your firm already provides virtual accounting services to your customers, and now you would like to offer them more. Introducing value-added services, such as virtual CFO services, can allow you to provide more benefits to your clients and gain access to ne...
A guide to accepting cryptocurrency payments for small businesses
Recently, PayPal rolled out Checkout with Crypto, which will allow its U.S. customers with cryptocurrency holdings to check out with crypto seamlessly within PayPal. The feature does not entail additional integrations or fees. All transactions are settled i...
6 common SEO errors that hurt site rankings, and how to fix them
Search engine optimization is essential for businesses to ensure they remain competitive and attract the right audience. When done right, SEO helps diversify your marketing strategy and brings in more qualified customers. But, if done incorrectly, recovery ...
The effects of a worldwide chip shortage are rippling through the economy
There are silicon chips in nearly every electronic device you own, from gadgets to appliances and even cars. In fact, chips are an integral part of an abundance of everyday items that aren’t immediately obvious, such as microwaves, dryers, refrigerators, el...
Salary history bans: What employers must know as more states outlaw questions on prior pay
In an attempt to reduce pay disparities, more states across the U.S. are enacting laws that forbid employers from seeking salary history information from job applicants.
How to find the right PEO for your business
A professional employer organization, or PEO, is an organization a company can hire to outsource employee management tasks such as recruitment, payroll, employee benefits, workers’ compensation, risk/safety management and even training and development. A PE...
8 most-common mistakes made in accounts payable
Accounts payable invoice processing is one of the more challenging aspects of running a business. But it remains an essential one for every organization. In the absence of a well-run accounts payable process, bills might not get paid on time, supplier re...
Which business expenses will rise 2022?
U.S. businesses should expect costs such as insurance, shipping, health care and energy to increase in 2022, according to an Oct. 12 Kiplinger report. Key interest rates including the 10-year Treasury note will also edge up amid growth in the GDP, consumer ...
6 frightful accounting errors to beware of beyond Halloween
Business accounting can be a harrowing experience without the requisite manpower or expertise. Not only does your business’s performance depend on proper accounting, but it can also determine whether the company is poised for growth or a step away from clos...
What is credit risk management?
A global pandemic and the resulting recession have affected every business in the world. Therefore, it is crucial for all businesses to increase their working capital in order to protect their company, now more than ever.
New report suggests major uptick in AI, machine learning for enterprise cash flow forecasts
With pandemic-induced disruptions amplifying the need for more effective cash forecasting, an increasing number of businesses are adopting AI and machine learning to sharpen their forecasting capabilities.
These 7 fun virtual team activities can help your employees form stronger bonds
The workplace has changed significantly over the last year and a half, with many organizations now moving to fully remote work. This new setup brings with it a new way of managing workers and team building virtually, which can be even more of a challenge wh...
Is your small business ready for the holiday season?
All businesses have been challenged by the pandemic, but small businesses and entrepreneurs have been battered hardest. Thousands of small firms have struggled to stay afloat or even gone out of businesses as their bigger counterparts flourished. Revved...
Science shines a light on the factors that drive an innovative company culture
The success of any organization depends, in large part, on its ability to innovate. Innovation pushes companies to continually push for advancements and always look for new opportunities. And in order to create an innovative culture, companies must know wha...
What to know about rollover equity before selling your business
Before you decide to accept an offer to buy your business, know that you will need to make several important decisions before you finish the sales journey. These include identifying the right buyer and building the right advisory team to execute the deal. A...
7 ways to attract high-value, no-cost referrals for your business
Referrals are a sure-fire way to grow your business, but first you need a strategy to target the right audience. Here’s how to develop a referral program that benefits your business and your customers. 1. Develop marketing campaigns Leverage email, te...
How businesses can prepare for the omicron variant
The emergence of the COVID-19 omicron variant has once again got employers pondering how they can keep employees safe while meeting business needs. Reported to be circulating in 43 U.S. states at the time of publication, the omicron variant is expected t...
A roundup of the tax breaks scheduled to expire at the end of 2021
A bevy of significant federal tax breaks will expire Dec. 31, 2021. The expiring provisions for 2021 are more significant than those in previous years, as many were intended to provide temporary COVID-19 relief. While Congress may act to retroactively e...
Study: Small businesses with the strongest pandemic comebacks share a common trait
Small businesses that are recovering strongly and speedily from COVID-19 pandemic losses have a key factor in common — they’re digitally savvy. Small business funding platform Biz2Credit conducted a study to assess the degree of pandemic recovery across ind...
8 things you should immediately stop doing when you’re a leader
Most of the time, high-powered leaders focus on what they should do. They pay too much attention to things such as coming up with new ideas, developing new strategies, figuring out how to implement new ideas or achieve set targets, and so on. While these ar...
Federal Reserve survey: Most small businesses still not back to pre-pandemic levels
The Federal Reserve Bank conducted a Small Business Credit Survey of 11,000 small companies across the U.S. — defined here as having fewer than 500 employees — from September 2021 to November 2021. Key finding: The survey found that 63% of small business re...
How well do you understand Generation Z? A primer on leading the youngest generation in the workforce
Generation Z (people born between the mid-1990s and the mid-2000s) is “more aware, self-reliant, pragmatic and driven, they are savvy and demanding customers with tastes and preferences unlike those of any other generation,” shows research from Ernst & Youn...
Why hiring people with criminal histories can be good for business
People released from prison have long been deemed unsuitable for employment or even automatically disqualified for job consideration by many businesses. But in recent years, major employers and lawmakers have begun shifting their standards to embrace qualif...
