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5 Ways to Streamline Your Bookkeeping

Bookkeeping is the cornerstone of accounting and financial reports management. It’s a tedious task that can easily take your attention away from other aspects of running your business. However, it’s an important responsibility that must be managed correctly to ensure the success and longevity of your company. To this end, we’ve compiled some strategies to […]

Written by prositesfinancialMay 4 • 2 minute read

What Is Continuous Accounting?

Continuous accounting is an approach to accounting cycle management that embraces advancements in information technology and streamlines financial processes within the broader corporate structure. It’s a new alternative to traditional accounting methods, in which the largest amount of work is done at the end of the accounting period (monthly, quarterly, or yearly). Continuous accounting incorporates […]

Written by prositesfinancialMar 30 • 2 minute read

How Secure Is Virtual Accounting?

Increasingly, day-to-day business operations are going virtual. In recent years, numerous brick-and-mortar companies have adopted digital business practices to achieve greater flexibility and lessen their dependence on physical offices. This trend has extended to the professional services sector. In particular, a growing number of accounting professionals are moving their operations online to better support the […]

Written by prositesfinancialMar 2 • 2 minute read

QuickBooks Online vs. QuickBooks Desktop: Which One Is Right for You?

QuickBooks is one of the most reliable accounting software solutions for small businesses. Intuit offers two versions of the application: QuickBooks Desktop and QuickBooks Online. Although both are dependable solutions for business owners looking to streamline and simplify their accounting functions, they differ in many ways. Which option is right for your company? Read on […]

Written by prositesfinancialFeb 2 • 3 minute read

Cash vs. Accrual: Which Accounting Method Is Right for Your Business?

Precise accounting is a critical component of running a successful business. There are two primary accounting methods you can use as a small business owner: cash and accrual accounting. Even if you don’t handle your own accounting and bookkeeping tasks, it’s vital to know how each of these accounting methods works so you can choose […]

Written by prositesfinancialJan 5 • 2 minute read

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