Monika Gola
Posted in Accounting, Business Tips

What is offshore accounting? Everything to know

Accounting is crucial department for any business regardless the size of the business. It is something you do with in-house team right. Since covid-19 wreaked havoc throughout the world, people adopted virtual methods to save themselves from getting contaminated by coronavirus. That’s where many accounting firms managed to outsource accounting services in Los Angeles. And […]

Monika Gola
Posted in Business Tips

6 best payroll tips for small business

Payroll is one of the most monotonous, time-consuming, energy-draining, and hectic tasks especially if you’re a small business owner. To make payroll task easy and simpler one, we have some best payroll tips for every small business. Yes guys, there are numerous best practices available for payroll management you can follow to keep you and […]

Monika Gola
Posted in Accounting

Cash Basis Accounting: A Complete Guide!

If you’re planning to start your business (regardless the size and type), one things you must be aware of is accounting method. Now there are two types of methods available, which include cash basis accounting and second is accrual accounting. I have also talked about the difference between these two. You can read this article […]

Monika Gola
Posted in Accounting, Business Tips

Everything you must know about tax audit

Tax is one of the most integral parts of any business. Without knowing the taxation part, you will risk your business and it may result in winding up your business. At the end of every year, businesses are bound to pay tax on the annual income, right. But the problem is not every businessman is […]

Monika Gola
Posted in Business Tips

How to forecast your cash flow statement?

The foundation of every company depends upon the cash flow statement. If you have just started your business, cash flow should be an integral part of financial planning of your business. However, not every company founder tends to be having accounting knowledge or comes from finance background. So, how one would check and forecast cash […]

Monika Gola
Posted in Accounting, Business Tips

Best accounting strategies for your new business

Accounting is the most integral part of any business regardless the size. Even if you run a small brick and mortar store, you will have to maintain finance based on the money you’re spending on shop or revenue you’re earning from customers. Every aspect related to money will be considered the major aspect of accounting. […]

Monika Gola
Posted in Accounting, Business Tips

How accountants deal with difficult customers?

Whether you’re a digital marketer or running an accounting firm, a successful firm realizes that customer satisfaction is the most crucial element for growing your business in real time. If you want to prosper your business, then satisfying your customers through services is must. Here accounting firms consider their customers relationship as a partnership and […]

Monika Gola
Posted in Accounting, Business Tips

The biggest risks accounting firms face

Accounting industry is delicate and fragile one when it comes to data and information safety. Data breaching, hacking, and spamming are quite normal with the expansion of technology. No doubt, these unethical activities are big risk for any accounting firm or team. But there is one more thing which is a threat for any business […]

Monika Gola
Posted in Accounting

Top 7 advantages of accounting automation

Automation is not a new norm in the present era. The term is much prevalent among accountants and accounting firms. Why? Simply because accounting automation helps accountants reduce their manual task and do everything automatically. Gone are the days when you would employ accountants who would build complex ledger files and enter endless rows of […]

Monika Gola
Posted in Bookkeeping, Business Tips

Should you do your own bookkeeping or not?

Bookkeeping is one of most crucial parts of any business regardless of the size and type of it. There is so much to manage when it comes to business finance and one of them is bookkeeping. From keeping business accounting records, general entry of sales and purchase receipts to tax filing and so on are […]