Outsourcing accounting services has increasingly become a common trend for today's businesses. Virtual accounting is the newest outsourced method which is cost effective and efficient. Technology has made virtual accounting very easy and i…

What is Bank Reconciliation? A Bank Reconciliation is an archive that coordinates the money balance on an organization's accounting report to that of bank proclamations. Accommodating the two records helps deciding whether bookkeeping chan…

Preparing for the tax season is vital for small businesses and individuals. At the same time, it is difficult for the small businesses to file taxes. An early preparation for your business taxes can help minimize your tax burden, increase …

Accounts Payable (AP) is an account that represents a company’s obligation to pay off its debts to its supplies or creditors in a short period of time. In a nutshell, it is the amount payable by the company to its suppliers or creditors. I…

Whatever may be the size of the business- an efficient and accurate bookkeeping can make or break an organization. Right bookkeeping ensures that records are always up-to-date and give accurate data that can be used to evaluate financial i…

Accounting is an integral part of a business. Accounting in small business helps in determining how well the company is doing. It tracks the money coming in and going out. The accounting department records the daily transactions, analyzes …

Every individual and all types of businesses- irrespective of size and nature of the business wants to save money. Tax deductions can help you save money for your business. We all know, taxes are complicated for small businesses. As a smal…

Outsourcing Payroll Services offers an attractive and valuable alternative to small business accounting services. If chosen wisely, outsourcing payroll can be a less expensive, simplified way of paying your employees, filing your taxes, an…