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Tag Archives: Bookkeeping Outsourcing

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July 15, 2022
by in Business, Tips

Am I ready for an audit?

An audit is something that every company can experience at some point; while expecting an audit it is normal to worry about not knowing how it works and what to expect. If already experienced, the next one will be less complicated. The accounting audit consists of evaluating the accounts of a company in a set period of time, and the objective of this is to authenticate the reliability of the accounting and financial information of your company.

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June 17, 2022
by in Business, Tips

How often should a financial report be received?

To talk about this topic, let’s start by defining what a financial report is, and the importance it has when making decisions within a company. A financial report is a document that contains data such as cash flow, profit and loss, assets and liabilities, investments, capital, and reserves. The report is constructed by gathering documentation which is recorded for a certain period. In the financial field, there are several types of reports, from an overview of the financial status of the company, to a report to know the status and nature of a specific accounting movement. For example, the BALANCE SHEET will allow you to know the economic situation of your company on a specific date, while the PROFIT & LOSS will let you know in detail the origin of your income and the expenses incurred in a period. Additionally, the CASH FLOW will help you to know the payment capacity that the company has, making it easier for you to evaluate its performance.

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June 3, 2022
by in Business, Tips

Benefits of outsourcing your accounting

Undoubtedly, the pandemic forced all economic sectors to modify their strategies to optimize the limited resources available. This boosted the growth of the BPO (Business Process Outsourcing) sector, an industry in charge of providing specialized external services. Of the services that are outsourced, accounting is one of the most sought-after activities, but for what reason? Here are some of the benefits of outsourcing your accounting.

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May 6, 2022
by in Bookkeeping, Contabilidad

Should I have an accountant always present in my company?

Without a doubt we all know that the work of the accountant is key in the growth of any company, whether it is an inhouse accountant or outsourced, it is essential to have a trained professional who directs and supervises the processes in the accounting area. Nowadays there are several options you have as an entrepreneur for the management of the accounting of your company, and thus ensure that this process fits your needs.

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February 10, 2022
by in Bookkeeping

When to outsource your bookkeeping?

Is it time to outsource my accounting? Am I keeping my books correctly, or do I need professional advice? Do I have the knowledge and time to manage my accounting processes?  These are some questions you may ask yourself as an entrepreneur when the expected financial results cannot be obtained. When it is time to contact a professional to take care of your company’s accounting?

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February 1, 2022
by in Bookkeeping

Why to keep your Bookkeeping up to date?

Accounting in business plays a vital role, it includes everything from a small account to the most complex processes of a company and is key for any aspect of its strategic growth. Understanding and distinctly see the accounting status of your business, will allow you to make strategic decisions resulting in the strengthening and economic growth of your capital. Accounting is the base that allows any company to have control of its expenses and income, to learn the origin of the expenses, where the income should be directed and how to manage the company’s money. 

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