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In-House v/s Offshore Outsourced Accounting- Why to find an offshore Accounting partner?

The accounting industry is facing significant challenges, particularly in terms of growth and flexibility. They are investing most of their time in sifting the books and less on the higher benefit yielding exercises. In the midst of this situation, the job of a organization turns out to be progressively huge in terms of human intensive and time intensive tasks...

SaaS Accounting: Understanding Standards, Leveraging Key Metrics, and Managing Revenue

As the Software Industry continues to grow, the importance, visibility, recognition, and profitability of the SaaS sector are on the rise. Accounting for SaaS companies demands specialized knowledge, particularly in recognizing revenue, managing deferred revenue from customer contracts, and accurately recording cost of goods sold and business expenses...

Comparative study of Internal v/s Offshore Audit Support Services

In 2024, Accounting firms would be wrestling with a basic choice: whether to depend on interior review groups or connect with proficient review support administrations. It is becoming increasingly difficult for Accounting firms to find and keep skilled auditors, which directly affects their ability to effectively manage audit workloads and maintain high audit quality standards...

Importance of Cash Flow Management

According to U.S. Bank study 82% of small businesses fail due to cash flow problems.Cash Flow Management plays a crucial role in the success of any Business. There are plenty of clichés out there when it comes to the importance of cash-flow. Cash is king and Cash flow is the lifeblood of any business. Most of the businesses confuse cash transactions and the business transactions....

Advisory Services: Transition of CPA Firms from Traditional Accounting practice to Client Accounting & Advisory Services

Why is client advisory services (CAS) is in high demand in the accounting profession today? In this dynamic world the businesses are growing very fast and they need help taking smart decisions faster....