Finance and Accounting

4 Common problems with in-house bookkeeping and accounting

As a business owner, you want to feel like you’re in the driver’s seat of the business. You want to be sure everything is working smoothly. The best way in your mind to do that is to take control of all aspects of the business.

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11 months ago No Comments Views

Top 4 Challenges Facing the Accounting Industry Today

It’s quite evident that the accounting sector has undergone some major changes over the years… and changes are still taking place. Advancements in technology and changes to the tax system are some big trends shaking the industry.

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11 months ago No Comments Views

Why Companies Need Risk Management

Infinit-O Finance Accounting Risk Management

As much as we love pleasant surprises in our personal lives, we want to avoid those in business. With risk management planning, companies can easily see potential issues that may occur in any project. This gives you a better overview of a project’s performance, especially where it needs special attention. Beyond that, risk management helps in improving communication between and among leaders and team members, gives you better data for better decision-making, and decreases assumptions that could derail your plans in the long run.

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12 months ago No Comments Views

How Outsourced Bookkeeping Can Help Improve Your Revenue

Infinit-O Finance Accounting Outsourcing Bookkeeping Improves Revenue

Bookkeeping might have been the last thing on your mind when you started your business. Maybe you started because you wanted to make an impact, just to earn extra cash. Either way, you’ve come to realize that quality bookkeeping and accounting is absolutely essential to keep your doors open.

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1 year ago No Comments Views

What to Look for in a Bookkeeping Service Outsourcing Partner

You know the importance of finances to the success of your business. Managing how resources are allocated is crucial to a smooth operation. You also know that managing your finances can be challenging.

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1 year ago No Comments Views

4 (Lesser Known) Benefits of Outsourcing Accounting Processes

Accounting is, without a doubt, an integral part of any business. Small mistakes in a business’s accounting can cost the company bottom-line dollars, in many cases significant dollars.

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1 year ago No Comments Views

4 Reasons to Outsource Your Bookkeeping

Infinit-O Finance Accounting Bookkeeping Outsourcing

Bookkeeping and accounting are necessary and integral functions in a business.

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1 year ago No Comments Views

Streamlining Finance Operations: From Number Crunchers to Strategic Leaders

Accountants are no longer just the number crunchers in a business. With the increased automation of their basic tasks, they are now expected to focus on strategic finance and accounting operations and make important business decisions to drive growth.

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1 year ago No Comments Views

Four Ways to Improve the Efficiency of Your Finance and Accounting Processes

Infinit-O Finance Accounting Efficient Processes

The Finance and Accounting departments form the backbone of a company. These areas play a vital role in every business. They keep careful records of the business’ cash flow, liabilities, assets, and profits, which help managers make profitable decisions to grow their business.

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1 year ago No Comments Views

How Outsourcing Simplifies Your Finance & Accounting Processes

Infinit-O Finance Accounting Outsourcing

Outsourced companies have gone from service to solutions providers, focused on improving the businesses of their clients. An Ovum study on 150 big companies in the UK, US, and Canada reports “driving efficiency” as the main priority of CFOs.  They want to know how the resources of outsourcing companies—such as technology and F&A processes—can help in running more efficient businesses.

Simplifying your company’s F&A processes is key to an efficient business, as it enables positive results such as a higher benchmark and baseline for financial processes, increased services, higher cash flow, and a reduced cycle for book closing. Thus, both backend tasks such as payroll and accounts payable and strategic responsibilities such as auditing and forecasts will be delegated to outsourcing companies.

There are more benefits to outsourcing multiple F&A functions, as opposed to limiting services to only one or two tasks. According to Jag Dalal of the International Association of Outsourcing Professionals, outsourcing multiple functions gives companies “value beyond improving the transactional component because the outsourcer can see when cash comes in and goes out.” There is an opportunity to take advantage of the cash-on-hand and “optimize internal processes,” he describes.

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2 years ago No Comments Views

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