Starting a retail shop or franchise can lead to both thrill and fulfillment. It’s obvious that the journey will also have multitudes of obstacles and hurdles. 16.7% of retail businesses fail in the first year and only 30.4% managed to stay afloat beyond the initial five years, showcasing a low survival rate. When you look […]
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There are over 1.5 million nonprofit organizations operating in the USA – National Center for Charitable Statistics. In my accounting tenure, I’ve witnessed the struggles nonprofits face when financial hiccups disrupt their vital operations and programs. The misallocation, poor reporting, and mismanagement of funds deprive them of the resources they desperately need. The common ground […]
Being an owner of a small and medium-size business or a large business enterprise, you will find it challenging to keep your financial books updated. It has a major impact on your business stability and security. Most of the budget planning is based on your financial books, but what if you cannot maintain it accurately? […]