cfrassi's blog

In today’s economic climate, revenues are getting thinner for many businesses, leading up to cost cutting strategies or reorganizations. When trying to maximize your profits and reduce inefficiencies, outsourcing non-core business activities can represent a good solution.

Outsourcing bookkeeping and accounting can help to solve many issues for business owners and may turn out to be the right strategy also when the crisis is over.  It is not just cutting cost; it is spending more time on critical decision making relating to your business.

Out of curiosity, I Googled “Reasons to use an accounting system” today. While there are a number of reasons why maintaining a proper accounting system should be a priority, there are some key concepts: more accuracy, great efficiency, easy (and quicker) tax preparation, and better costs control.

According to several studies, to acquire a new customer is five to ten times more expensive than to retain an existing one. In addition, a happy customer will probably purchase more goods or a higher value product next time he buys and he will provide positive references about your business. That’s why effective CRM software is crucial for any business’s success.

Continuing our discussion on different SaaS applications for allowing accountants and business owners to be more productive...

We have seen that web based tools can help us in managing our bookkeeping cost effectively with high quality results. But coming to the daily routine, what does this mean?

For example, small business owners used to doing bookkeeping themselves should know to be organized as to avoid missing records when you give your shoebox to your accountant.

Continuing on from our previous post on using technology to be more productive, there are many examples in the marketplace today that apply to the accounting world. In the last few years, both established software vendors and new players have developed tools to help businesses to take advantage of web based accounting. With such tools you can easily handle your invoices, produce financial statements or receive up-to-date reports by means of an online platform.

LedgersOnline recently presented to the Vancouver CGA Computer Users Group on the topic of Web-based Collaborative Accounting. Over a series of posts, we will highlight some of the key aspects of using web-based tools to become more productive.