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Bookkeeping is a strenuous activity but one that demands high diligence. It sets the tone for other financial aspects of the business. We can best explain this by knowing how the decision-makers arrive at crucial business decisions. The decision-makers of an enterprise make use of the financial statements to convey the condition of the business....
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The only thing constant is change, and this applies to the accounting profession as well. Organizations can increase the productivity of accounting by using advanced technology. Accountants are now free from the burden of passing manual entries and drawing huge data to generate reports. They are now expected to develop additional skill sets that include...
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VCFO
The popularity of virtual CFOs has been on an uphill trend for quite some time. The digital transformation, which got sped up by the onset of the pandemic, has played an undeniable role in this wide acceptance. Over the years, the role of CFO has undergone a positive transition. Besides the traditional responsibilities related to...
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Voice Technology in Financial Industry
Artificial intelligence and voice assistants are being used by people in their everyday lives. It’s very easy to use a voice assistant and get a good deal of information from a wide range of topics. Voice technology assistants like Alexa, Google Assistant, and Siri are providing data within seconds of asking a question. Using it...
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Enterprise risk management
Risk is the uncertainty of an event happening in the future. This uncertainty deviates an organization from achieving desired outcomes and hence it has to be managed. Enterprise Risk Management (ERM) involves various strategies that identify potential business risks and analyze them to provide appropriate responses to mitigate and minimize any losses that would have...
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Bookkeeping services
Bookkeeping is an indispensable activity in any business. It involves recording the various financial transactions and preparing the trial balance. This sets the tone for making correct business decisions. Thus, bookkeeping is a must, irrespective of the type and size of the business. The pandemic has changed the ways of the business world. The relevance...
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Business Funding Ideas
A startup begins with a brilliant, unique business idea. The transition from a mere idea to a sustainable business requires adequate funding. To further emphasize the importance of funding, let’s quote-unquote the words of the famous venture capitalist Richard Harroch. ‘It’s almost always harder than your expectations to raise the capital, and it takes longer....
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Due Diligence
There are a number of factors to be considered during mergers and acquisitions. It is a complicated process and hence it needs to be structured properly. The acquirer needs to be aware of what he is getting into and has to be assured that the deal fulfills his expectations. To achieve this the acquirer/ buyer...
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Diligen
What is most difficult about any business other than running it? Ask any business person this question and the answer will most likely be the same. It is to make sure that they meet all the mandatory compliances for the business to run legally. This is, undoubtedly, a tedious task, but it is there for...
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Accounting Trends
Technological advances have played a significant part in the growth of industries for ages. The reliance on technology has increased manifold, especially after the start of the pandemic. The accounting firms also have changed their tune according to the need of the hour. These tough times have shown how vital technology is for continuing work,...
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