Outsourced Accounting: How does it benefit the business?
How outsourcing helps small business Outsourced accounting is the new “it” thing these days as many companies, both small and large, see the perks of outsourcing their accounting duties to professional firms. There are many benefits for outsourcing those troublesome accounting duties. Cut cost First, and likely the most important, the process cuts costs and […]
Accounting 101 – Cash Flow Statement
We here at DeepSky have been mirroring Fred Wilson‘s (from A VC) MBA Monday posts covering the 3 most common financial statements for a few weeks now. These are great information for any business owners out there because even if you choose to have someone else handle your accounting, you will need to have a […]
Anything Is Possible
Anything is possible If you are determined and work hard at achieving it. Mr. Liu Da Tan, because of an expired preventive shot administered at his poverty-ridden village in Taiwan, was physically disabled when he was 3. His legs were rendered useless and he could only “crawl” along the floor to move around – people […]
So You Have an Accounting/Tax Software
Technology isn’t always the winner Even you have an accounting/tax software, you should still have someone who knows what they are doing do the work (or at least double check the work someone else did.) In the last few years, software vendors have made billions on selling the idea of having the software do everything […]
Why Are You Keeping Your Books?
Almost every company manages a set of books, but the reason for record keeping can be very different from one company to the next. In fact, the same company may be maintaining a set of books for different reasons during different stages of the company’s lifecycle. Why do you keep your book? The very first […]
The More You Spend, The More You Save
The more you spend, the more you save Ahh… one of the best marketing phrase made famous by the business people of America. We all say it from time to time (perhaps to rationalize our weekend shopping spree) but almost all of us know that it doesn’t make mathematical sense. You don’t “save” more money […]
