Accounting Blog for Business

Often, many entrepreneurs do not know how to implement internal controls, much less how to improve internal control, when they are scaling their business. Companies commonly take this step for granted until their efficiency decreases or when they encounter a financial disaster.

As CFO, understanding the ins and outs of your organization is important in achieving strategic success in your business. One of the things that you have to understand is how you can achieve continual improvement, meet regulatory requirements, and satisfy your customers and stakeholders. In this regard, having a quality management system in place is crucial. But what is quality management? Read on to learn more.

In today’s rapidly changing business landscape, CFOs wear different hats in a typical company. One of the roles of the modern CFO is to be a catalyst for change among the members of the C-suite by making data-driven decisions.

Putting up an e-commerce business is an exciting endeavor. Whether you’re a first-time business owner or a serial entrepreneur, running your own e-commerce store can be a daunting challenge, especially if you don’t have business bookkeeping basics down pat.

As the new year starts, we are inundated by messages on effective time management and other smarter ways of working. But deciding to “work smarter, not harder” is easier said than done. In fact, many accounting professionals today are at the risk of becoming workaholics due to the sheer amount of work that needs to be done.

Audit and accounting professionals are familiar with the long hours and increased stress in the busy tax season. However, there’s no need to feel panicked or stressed about the busy tax season as long as your team adequately prepares for it.