Top Tips from Accountants for Audit Preparation

When preparing for an audit, it is crucial to have a clear understanding of the audit process. This involves knowing what the auditors will be looking for and the procedures they will follow. Take the time to familiarise yourself with the audit objectives and the scope of the audit. Understand the different stages of the … Read more

Finding Your Franchise Match: A Guide for Franchisors 

Expanding your business through franchising requires careful selection of franchisees who possess the right blend of skills, experience, and commitment. In this article, we will explore the essential factors involved in pinpointing and choosing potential franchisees who will not just maintain your brand’s integrity but also play a significant role in expanding your franchise network. … Read more

Outsourcing vs. In-House Accounting: Which is Best?

As a business expands, its financial needs also expand at the same time. Consequently, owners, often lacking accounting expertise, face the challenge of determining whether to build an in-house accounting team or opt for an alternative – outsourcing. Many businesses view outsourcing as a more strategic approach to achieve optimal financial management, making the in-house … Read more

Unlock the Potential of Outsourcing to Stay on Top of Your Payables

Accounts Payable (AP) is an important figure in a company’s balance sheet. In the present world of cutting-edge competition with essential information at your fingertips, accounts payable management is among the heftiest tasks for businesses. If AP increases over a prior period, that means the company is buying more goods or services on credit, rather … Read more

How big data is impacting the accounting profession

Big data is revolutionising the way businesses operate and make decisions. Accountants worldwide are being affected as the accounting profession’s role transforms to embrace big data. Those with the skills to effectively manage and interpret this data are in high demand as businesses strive to make sense of the ever-growing pool of data. We will … Read more

Accountants: Why You Need to Use Engagement Letters?

As an accountant, you are constantly bombarded with tasks, responsibilities, and deadlines. It can be challenging to keep track of everything, let alone find the time to issue engagement letters to clients. However, engagement letters are an essential part of the accounting process and key to protecting yourself and your client. This blog will discuss … Read more

The difference between an Accountant and a Bookkeeper: Which one do you need?

There’s much more to running a business than just coming up with ideas and putting them into action. There is also the financial side of things, including bookkeeping and accounting. Many businesses rely on a professional bookkeeper or accountant to handle their finances, but what exactly does an accountant and bookkeeper do? What’s the difference … Read more

The Secret to Recovering Lost Deals: The Power of the Follow-up Email in your Accounting Firm

It happens to the best of us. We meet with a prospective client, we think the meeting went great, and then… crickets and the deal falls through. Maybe they found a better deal elsewhere, were unhappy with the services we offered, or just plain forgot about us. Whatever the reason, it can be a blow … Read more

What is ESG, and why is it important for accountants?

What is ESG? ESG stands for “Environmental, Social, and Governance.” It refers to the three central factors in measuring an investment’s sustainability and ethical impact. ESG information can help investors decide where to allocate their money.The concept of ESG has been evolving for many years, but it has only recently gained traction in the financial … Read more

Blockchain & The Future Of Accounting

The world of accounting is changing. And it’s all thanks to blockchain. Yes, that’s right. The same technology that powers Bitcoin is now being used to revolutionise how businesses keep track of their finances, and accountants must adapt to reap the benefits of this innovative new technology. What is blockchain? To understand how blockchain is … Read more