Wherever money is being handled and transferred between two parties, there’s always the risk of fraud. And it’s not just theft — you also need to consider your employees’ sensitive data and ensure you’re complying with local data privacy laws. Outsourcing, on the other hand, means handing over your entire payroll process to another company.…
First, you have to find an individual or firm that can provide you with the expertise and knowledge you need, and they must also be trustworthy. The global business process outsourcing market worth is projected to reach an all-time high of $405.6 billion by 2027. It’s also a good indication that many businesses choose to…
As you evaluate your income and expenses, you should determine how much money you have left over to put into savings. Create an emergency fund so you’ll have money in the event of a large, unexpected expense or financial emergency. Most financial experts suggest saving enough money to cover three to six months’ worth of…
From there, you can add comprehensive accounting, payroll, and tax services as needed. Bookkeeper.com manages your accounts using QuickBooks Online (or QuickBooks Desktop, if you prefer). Plus, not every online bookkeeping service works with both accrual-basis and cash-basis accounting—but Bookkeeper.com does. The financial service packages you can hire out will depend upon the entity you…
Examples of noncurrent assets include office furniture, long-term investments such as bonds and intangible assets. So take the time to review your assets, liabilities, and equity, get into the habit of reviewing both your balance sheet and P&L statement frequently. That way, you’ll have a handle on how your business is doing at any given moment.…