Introduction Accounting practices have changed over time with new technologies, evolving customer demands, and business needs. It is now much more than just bookkeeping and ledgers. Accounting firms are embracing…

No matter how smooth and good your year was, there is always a rush, confusion, and stress during the end of the financial year. Closing the book of accounts at…

While double-entry and triple-entry accounting is two methods of recording financial transactions, they are pretty different accounting techniques. A solid accounting system is essential for the smooth operation of a…

You do so much more than crunch numbers as an accountant; you develop a financial strategy, provide strategic counsel, comply with the newest tax legislation, take steps to save money…

Due to the massive revolution in international telecommunications from the early 1990s, it has become possible for various business activities to be outsourced by clients, particularly in Western Europe and…

Accountability and Credibility are the two important parts of any reputable company. And when we are talking about accounting outsourcing company where people’s financial matters are concerned, it becomes more…

The accounting industry has always been a challenging sector. Finance is the backbone of every business entity; thus, the challenges of the accounting industry have been mammoth to deal with.…

If you want to become a pro-tax preparer, then you have to become an enrolled agent. EA provides a high-level tax preparation service. The job profile of EA isn’t very commonly…

A bank reconciliation statement is a secondary type of accounting service that isn’t the main part of the accounting process, but without a reconciliation statement accounting work isn’t complete. It…

It’s once again that time of the year when everyone slows down for a moment and looks back to analyze their performance in the last year. Yep, the last few…