June 20 2025 finance & accounting | Outsourcing
The Impact of Technology on Accounting and Bookkeeping Services Accounting as an industry has always heavily relied on precision. Previously, that used to mean painstaking hours double-checking each entry, balancing ledgers, and running all calculations manually. But today with technology in the picture, the same industry has redefined what precision means. It is changing the …
September 25 2023 CPA | finance & accounting | Outsourcing
Why Should CPA Firms Outsource to KonnectBooks In today’s fast-paced business environment, CPA firms are under increasing pressure to deliver more value and better service to their clients. Outsourcing to KonnectBooks can be a game-changing strategy for CPA firms looking to streamline their operations and focus on core competencies.This article will explore the multifaceted benefits …
January 19 2023 business process outsourcing | finance & accounting | Outsourcing | Tax
As a business owner, it can be challenging to navigate the uncertain economic climate of a recession. With resources stretched thin and budget constraints looming, it’s more important than ever to make smart decisions about how to allocate your resources. One area where businesses often struggle is managing their financial records, including bookkeeping and tax …
November 09 2022 finance & accounting | HR
As a company, you don’t just get to enjoy income coming in, you also have to deal with your expenses. One of your main expenses will be paying people who are your employees or contractors. QuickBooks Online gives you a way to handle your payroll, however it is currently included as an add-on, much like …
October 16 2022 finance & accounting
The United States of America has a multicultural population and a sizable English-speaking population. It is generally friendly to foreign firms due to its diversity. The US market is open for business options from all over the world. It is very simple to establish a US corporation for your business as it has an economy …
October 01 2022 finance & accounting
Bank reconciliation protects your business from fraud, accounting errors, and mismanaged funds. At a minimum, it’s best to reconcile your bank and bookkeeping records daily, weekly, or monthly to catch errors immediately. It can be a tedious process. Nonetheless, it’s critical to your financial health. Good thing, Xero accounting software can make this process easier …
September 29 2022 finance & accounting
You must have come across lots of concepts or conviction through which on can get funding or inject cash in their Business. This Blog is merely to highlight the attribute of Factoring Companies and the way they are accounted. For those who are now thinking, what is Factoring or a Factoring company? Let me bring …
September 29 2022 finance & accounting
FBAR stands for Report of Foreign Bank and Financial Accounts. One must report their financial accounts to the Treasury Department. Financial accounts such as bank accounts, brokerage accounts and mutual funds need to be reported. These accounts are reported on FinCEN form i.e. Form 114. FinCEN stands for Financial Crimes Enforcement Network. Who must file FBAR …
