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Accounting & Bookkeeping

5 Most Important New Year Resolutions for Small and Medium Businesses

Finally, the year 2022 has come to an end. It goes without saying that the last year was a roller coaster ride especially for small and medium businesses due to the impact of inflation and Great Resignation. Now is the right time for focusing on new goals, opportunities, and possibilities. Also, you have to retrospect […]

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Tax Preparation

Why Outsourcing is the Best Solution to Counter Tax Season Burnout?

Countdown to Christmas has already begun. It’s that time of the year, which is meant to be more relaxing, enjoyable, and full of pleasant surprises, but where does the other strange feeling come from?   Aaahhh, yes! Tax season 2023 is approaching.   Peak season pressure of meeting strict deadlines isn’t new for accounting firms. No one […]

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Accounting & Bookkeeping

What Is the Retail Method?

Retail businesses of all sizes have some unique challenges when it comes to accounting. They must factor in numerous variables to achieve an accurate picture of the state of their current business. If you are facing the challenge of keeping track of your unsold inventory and want a reliable way of estimating its worth, the […]

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Accounting & Bookkeeping

Accounting Tips for Small Retail Stores

As a retailer, you know that your success involves more than simply exchanging products for money. You have to be an expert in customer service, stock control, marketing, advertising, and more. And then you have accounting. A retail business is unique in a few ways. You have to stock a large amount of different products […]

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Accounting & Bookkeeping

5 Things That Make Retail Accounting Unique

The retail industry is probably the industry that the average person is the most familiar with. We buy food at the grocery store, order things online, and get fuel at the gas station. But when it comes to accounting, there are some unique aspects to be considered because there are some accounting processes involved in […]

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Accounting & Bookkeeping

The Evolution of Bookkeeping

Most people aren’t aware that the practice of bookkeeping has been around for centuries, with the earliest instances tracing all the way back to Mesopotamian civilizations. Over the past decade, however, advances in technology have had the most significant impact on the way bookkeepers operate, offering faster and more convenient digital platforms. Let’s take a […]

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Accounting & Bookkeeping

Focusing on Soft Skills in Accounting

Accounting is about numbers, money, and cash flow, but it is also about people. To stand out in the marketplace and be the type of firm that clients stick with, your firm needs to do more than provide traditional accounting services. Your team needs to have people skills—or be willing to learn them. By dedicating […]