Showing posts with label accounting. Show all posts

Advantages of Using a Payroll System for your Business in the Philippines

Advantages of Using a Payroll System for your Business in the Philippines

Before diving into buying yourself a payroll system for your business, it is righteous enough to know first why you are buying one? Will this be an asset that could help the company’s state? Will this help in a quicker production of payroll? Here in the Philippines, wages are deducted from taxes and other government requirements as these...

Accounting Due Process: FASAB’s Rules of Procedure

Accounting Due Process: FASAB’s Rules of Procedure

The Federal Accounting Standards Advisory Board since its establishment in October 1990 has devoted itself to serve the public interest by improving federal financial reporting through issuing federal financial accounting standards and providing guidance after considering the needs of external and internal users of federal financial information. It has become a significant entity not just for the accounting...

6 Qualities of the Best Accounting Outsourcing Firms

6 Qualities of the Best Accounting Outsourcing Firms

Undoubtedly, partnering with accounting outsourcing firms has made finance-related tasks easier for a lot of businesses. In fact, 90% of finance and accounting business process outsourcing (F&A BPO) engagements are reported to meet their initial delivery performance and cost-reduction targets. From the mundane jobs such as outsourced bookkeeping to the more complex ones like risk management service, BPOs...

Keeping Accounting on Top: Midyear Accounting Checks and Reviews on Accounting Stability

Keeping Accounting on Top: Midyear Accounting Checks and Reviews on Accounting Stability

The industry of accounting is one of the steadiest industries in the United States. The revenue it has accumulated in the past years is a reflection of its stability. The revenue of accounting, alongside tax preparation, bookkeeping, and payroll services in the United States reached approximately 137 billion U.S. dollars in 2013. In fact, accounting, tax preparation, bookkeeping,...

Cash Management: The Heart of Risk Management Services

Cash Management: The Heart of Risk Management Services

Risk management and like services would not become an industry nor a field if it were not for the unpredictable nature of financial investiture. Financial investiture is summarily closer to planting seeds than raising livestock—you can always get a healthier chicken to breed with your hens so you can yield more eggs but you can’t be sure how...

Balancing Advantages and Disadvantages: Outsourcing Financial Management Service

Balancing Advantages and Disadvantages: Outsourcing Financial Management Service

Funds are vital to a business as it serves as its fuel. With enough funds in hand, together with big ideas, business managers are prepared in making necessary improvements for their businesses. It allows business managers to buy materials and equipment needed for their business processes. However, to efficiently use every peso of your investment, you, as a...

A Bit of Fun and Scary Facts about Accounts Payable

A Bit of Fun and Scary Facts about Accounts Payable

Learning sure is quite a tedious tasks but could be turn into a fun lecture with this mix of fun and scary facts about accounts payable. Being able to know little information on things or engage you on such will help you see what’s in your future. Having to decide what to do is a much more tedious...

Identity Theft: A Threat To Business Innovation

Identity Theft: A Threat To Business Innovation

The integration of technology to almost every aspect of life has changed the expectations of the consumers to the quality of services that they deserve. Consumers now prefer convenient and hassle-free services that are readily available almost literally when and where they want. And many businesses recognize that adapting to this kind of market would make them sell...