Even before the arrival of the COVID-19 pandemic, the work-from-home model had gained traction in the corporate world. Gallup recently surveyed 15,000 working adults in the US and the study revealed that 43% of them spent at least some time working remotely during their work hours. The crisis only exacerbated the trend. Keeping in mind […]
In the era of COVID-19, social distancing has become the norm. The lockdown imposed, as a result, has enforced the concept of remote and hybrid teams. Companies around the world were straddling a bridge between yesterday when employees at most companies were physically present at work, and tomorrow, when a vaccine or effective treatment will […]
Financial audits are one of the reasons why year-end reporting is stressful. But then, these audits establish you as a reliable company in the eyes of external entities such as banks, government agencies, and shareholders. Furthermore, listed companies are required by law to have their accounts audited- so there’s no escaping this grueling process! Besides […]
Recovering a business after holidays is an arduous task. Every year, businesses all around the world spend a considerable amount to boost their sales during the holiday season. However, they face different challenges once the holiday season is over. The Halloween season rolls into Thanksgiving, Christmas, and then New Year’s without anyone realizing it. Before […]
The growing business scene means that our gut instinct is no longer enough to remain abreast of the competition. The dynamics of decision making have changed today as organizations are slowly realizing that data lies at the heart of decision making, meaning that they are becoming data driven decisions. The technology that we use today […]
We are excited to share some big news! After just 5 years in business, Fully Accountable ranks 2626 on the Inc. 5000 List with a three-year growth of 148%! A Fast Growing Company! The Inc. 5000 began in 1982 and today is a distinguished editorial award, a celebration of innovation, a network of entrepreneurial leaders, […]
A Chief Financial Officer is a C level executive responsible for managing all of the financial functions of a company or organization. You might be wondering if it’s time for your business to hire a CFO. In this guide, we’ll dive into what a CFO is, why and when you might need one, and how […]
Digital accounting is fast becoming the norm in the industry. With the introduction of advanced accounting software, more and more businesses today are looking to avail it. However, many small businesses follow the more traditional route of hiring specialist accountants for their day-to-day entries. You cannot blame them for supporting the manual accounting procedures; a […]
We will remember 2018 as the year when technology-dominated accounting trends around the world. The revolutionary takeover of technology has revamped the accounting world. What seemed impossible before is now considered realistic and achievable. The business world is witnessing a change in the environment, especially in terms of the decision-making mechanism. The move to paperless […]
Outsourcing payroll has become one of the hottest trends in the business world. It allows business owners to focus more time on the growth of their businesses while ensuring that payroll is processed efficiently and correctly every time. One fantastic benefit that it carries – and that many overlook – is that outsourcing also helps […]
Unless you live in a state or a country that does not impose sales tax, you must be aware of the strict obligations regarding its fulfillment and payment. Yet, many small businesses tend to take the sales tax for granted. It is also difficult for them in the know of all legislation and bills passed […]
Businesses are rapidly moving towards business models that are based on subscription renewals and services and this development has impacted financial leaders strongly. Their focus now lies on not only managing the books and thinking about their daily tasks. They must also start placing emphasis on improving customer retention and being more attentive when it […]
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