Enjoy the latest blog posts about the term Accounting. All my recent blog posts you'll find in the blog section. If you are interested in a particular topic, you'll find and overview of all covered terms on the sitemap.

Accounting for Technology Companies: Challenges and Solutions

The global technology industry is projected to exceed 5.3 trillion USD (4.6 trillion GBP) in 2022. Setting up a tech business is a way forward for many entrepreneurs who want to take advantage of favourable market conditions and an excellent growth trajectory. With our knowledge and expertise we bring to you this article on the most common accounting challenges in the technology industry and solutions to tackle them.

How to Outsource Your Accounting Function

If you have decided to outsource your finance function, you are probably already aware of the numerous benefits an external financial partner can bring to your business. With 37% of SMEs outsourcing at least one of their business processes, you are not alone on this path. Now that you are ready for the next step, you may wonder where to start. In this article, we will walk you through the process of finding the right accounting solutions and starting an effective partnership.

Accounting for Manufacturing Businesses: Everything You Need to Know

With an annual output of £183 billion, manufacturing is one of the largest operating sectors in the world. It is also a highly unique industry that requires increased attention from an accounting perspective. While most traditional companies sell stock or services, only manufacturers create their products from the ground up. In the following article, we will discuss how accounting for manufacturing differs from mainstream applications and share best practices for success.

7 Accounting Services That Your Business Can Outsource

No matter the size of your business, accounting functions are one of the essential elements to get right. When volumes are increasing, accounting departments can often get overwhelmed, which can cause delayed payments and bad reporting cycles. External financial service providers can provide a solution that can grow with your business needs and allow you to focus on core activities. But what services can you outsource exactly?

Key Strategies for Improving Your Accounts Payable Process

Unlike accounts receivable, accounts payable often get less attention since businesses naturally prioritise revenue-generating tasks. However, optimising accounts payable performance can provide a base for accurate cash flow forecasting while allowing to reach higher profit margins. This article will discuss how companies can improve their accounts payable processes to maximise value, so stay until the end to learn it all.

Top Ten Accounting Statistics That You Need to Know Before Reconsidering Your Finance Function

Effective and meticulous accounting is the backbone of every business. As strategic partner accountants offer services that can help a company develop strategy, make decisions, and adhere to accounting standards and regulations. With this article, we want to bring you up to date with the top ten accounting industry statistics and trends that can help your decision-making when choosing the right accounting partner for your business.

What are the benefits of using Xero, a cloud-based accounting software, for your business?

Business owners who want to run an effective company must keep meticulous records of all financial transactions. Relying on desktop- or spreadsheet-based accounting operations is no longer effective. We show you the key benefits of cloud accounting and how Xero can help your business.