Outsourcing bookkeeping makes your company much more profitable than other businesses which have not outsourced. It simply increases the valuation of your company. Even when raising borrowed capital from banks, higher valuation can mean better terms for you and that too can save you thousands of Dollars.
The American Institute of CPAs (AICPA) recently conducted a survey which reports the following: Over 70% of the top 100 accounting firms in US have used Business process outsourcing and business transformation services to save millions of Dollars and hundreds of thousands of man-hours to improve their bottom line results.
The American Institute of CPAs (AICPA) recently conducted a survey which reports the following: Over 70% of the top 100 accounting firms in US have used Business process outsourcing and business transformation services to save millions of Dollars and hundreds of thousands of man-hours to improve their bottom line results.
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Accounts payable is a current liability account in which a company records the amounts it owes to suppliers or vendors for goods or services that it received on credit. Accounts receivable is a current asset account in which a company records the amounts it has a right to collect from customers who received goods or services on credit.
The back office can be thought of as the part of a company responsible for providing all business functions related to its operations. The term "back office" originated when early companies designed their offices so that the front portion contained the associates who interact with customers, and the back portion of the office contained associates who have no interaction with customers, such as accounting clerks.
One of the primary necessity when it comes to running a business is having a system that can share information from one department to the other, save documents, create communication between the departments that will drive to a successful sale or service. One of those options, depending on were you are as a business is "ERP" (enterprise resource planning) system.
QuickBooks is an accounting software program created by Intuit for small businesses and self-employed professionals. It can be used for almost all financial business processes. You can use it for entering receipts, tracking expenses, invoicing, payment tracking, tax tracking, purchase orders, and even to prepare reports and statements regarding your finances.
Reviews (4)
Jonathan O'Donnell
Jul 15, 2019
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George Mbiad
Nov 16, 2018
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Shahid Aziz
Nov 09, 2018
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I have worked with Michael Berger of AMX for years. He is the bookkeping solution for my non profit as well as my business. He make my bookkeeping seamless and simple. Mike is kind, accurate, motivated, knowledgable, and affordable. He even did a house call! I strongly recommend AMX- they are the best!
Matt Bansch
Oct 23, 2018
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