Today, a stunning 3.2 million people in the United States and 1.3 million internationally utilize QuickBooks Online (QBO). This very popular online accounting software package is designed to primarily help small and medium-sized businesses manage their finances. And if you're considering using QuickBooks Online, it's imperative you have an in-depth understanding of the pros and cons of this solution. Let's take a closer look at the pros and cons of QuickBooks Online.
As an attorney, you specialize in matters of the law and in helping protect the rights of your clients. And while you may have been able to handle your bookkeeping and accounting in the beginning, the growth of your firm necessitates the implementation of more strategic solutions, such as outsourced bookkeeping.
The coronavirus pandemic has left no stone unturned and has completely shifted the way we view business and life—including accounting. In fact, the COVID-19 pandemic has resulted in one of the most rapid changes to the economic environment the world has ever experienced. For instance, during the week that ended on August 8, a stupefying 963,000 people submitted a claim for unemployment insurance, which continued a devastating trend in the market.
Cash is the most liquid asset any company has. That’s why the ability to produce cash is one of the most important factors that an investor looks at when assessing financial health and stability. Cash flow statements reveal how able a company is to pay its short-term expenses and show its viability as a long-term investment.
If you’re like most business owners, you’re consistently looking for ways to increase profits, lower tax liability, drive more efficient growth, and find more time for life. Fortunately, you don’t have to look much farther than an accountant! Simply put, there are a vast range of reasons to hire an accountant, and the experts at MB Group have provided a few of the top answers to “Why should I hire an accountant?”