In an increasingly digital world, the importance of cybersecurity for accounting firms cannot be overstated. Small businesses, in particular, are prime targets for cyber attacks due to their often limited resources and expertise in cybersecurity. Accounting firms are entrusted with protecting not only their own data but also that of their clients. A breach in… Continue reading The Crucial Role of Cybersecurity for Accounting Firms

Starting a new client relationship in your accounting firm? Ensuring a smooth onboarding process is key to setting the right tone and building trust. Use this simple checklist to streamline your client onboarding process and make a positive first impression. Initial Contact: Setting the Stage for Success Welcome Email: Personalized and Informative The initial contact… Continue reading Accounting Client Onboarding Checklist (Free Template)

Accounting marketing refers to the strategies and techniques used by accounting firms to promote their services and attract clients. It encompasses a wide range of activities, including digital marketing, branding, content creation, and relationship building. For small businesses, effective accounting marketing can be crucial for attracting new clients, building brand awareness, and differentiating themselves from… Continue reading How to do accounting marketing

Tax season can feel like a perfect storm of stress, confusion, and number-crunching monotony. Gathering all the necessary financial records, keeping up with constantly changing tax laws, and ensuring you claim every possible deduction and credit is a monumental task. An individual American taxpayer spends roughly 13 hours and $240 out-of-pocket costs just to prepare… Continue reading How AI Can Help You with Tax Filing

What’s the first type of software that comes to mind when you think “accounting”? Maybe it has to do with financial management or client management. But productivity tools for accountants are just as important, if not more so. They enable a firm’s profitability and long-term success. (Cue the old adage: “Work smarter, not harder.”)   Streamlining… Continue reading Top 5 Productivity Tools Every Accountant Should Know

Efficient workflow is crucial for the success of any accounting firm, especially for small business owners who often have limited resources and time. Streamlining processes can increase productivity, reduce costs, and improve client satisfaction. However, 90% of business owners like you face challenges in managing their accounting processes effectively. These challenges include: In this blog… Continue reading How to streamline workflow at your accounting firm

Learn the art of bookkeeping for real estate with our comprehensive 2024 guide. Master the techniques to track your financial progress effectively.

One key aspect of financial management is understanding and tracking incurred costs. These costs are expenses that a business has already paid or become obligated to pay. Understanding these costs is crucial for effective budgeting and financial planning. By grasping the concept of incurred costs and how they impact your business, you can make informed… Continue reading What are Incurred Costs?

Discover the key to hotel business financial success with our in-depth guide on best practices for bookkeeping. Elevate your hospitality business with expert insights and tips. Read now

As a Chief Financial Officer (CFO) of a software company, it’s important to understand the difference between cash and accrual accounting methods. Both methods are used to keep track of a company’s financial transactions and provide an accurate picture of a company’s financial health. However, the results obtained from each method can be quite different,… Continue reading Cash Accounting vs Accrual Accounting: A Guide for Software Company CFOs

Selling, General, and Administrative Expenses, commonly known as SG&A, represent a crucial financial metric that plays a pivotal role in assessing a company’s operational efficiency and overall financial health. SG&A encompasses a broad spectrum of costs associated with the day-to-day operations and management of a business, excluding direct production expenses.  Understanding SG&A is essential for… Continue reading What is SG&A and why is it important?[with case studies]