Best Accounting Software For Small Business 2024

Banking, payments, invoicing—meet the subscription-free solution to simplify your money. If you’re a small-business owner, you’re probably used to doing everything yourself. You’ve used your entrepreneurial prowess to produce a product or service that your customers need. And avoiding spending any money when you think you can just take care of a task yourself is […]

Small Business Bookkeeping Basics

Take a moment to explore the options below to see which combination of services can improve your business. While it doesn’t offer features such as payroll management or advanced automation, GoDaddy is a great option if you’re an ecommerce seller. If bookkeeping software still feels like too much work and you decide that DIY accounting […]

5 International Human Resource Challenges Companies Face When Expanding Globally

However, multinational companies that, more broadly, invest in training their employees in emotional intelligence and empathetic listening skills can create a workforce that’s better equipped to recognize cultural differences and successfully resolve any conflicts that may arise. And that can help create an environment where existing employees, new hires, clients, and customers from different cultures […]

Latin American Multinationals Challenged by HR Issues

In fact, they said, a diverse workplace with a strong organizational culture has a competitive advantage in this age of increasing globalization. HR teams must ensure that all pay and benefits promised to a new employee are legal and fair as per local laws. This includes a robust review of local labor laws (including hiring […]

Definition of Proforma Invoice Accounting terms

What’s more, you can set it to ‘recurring’ and have the system send your invoices on the same date and time continuously. Pro forma invoices may also be used internally to help with the purchase approval process between departments. Proforma invoices can be sent out just like your other invoicing documents. Typically, these invoices can […]

Pro forma invoice definition and examples of use

A proforma invoice is not a legal document, which means your customer is not legally obliged to pay the amount it lists. Instead, you need to issue a commercial invoice with an invoice number to request payment. A proforma invoice can be created using templates with Microsoft Word and Excel, although these take time to […]

Which College Education Expenses Are Tax Deductible

It also reduces your adjusted gross income (AGI), which is important because you can become ineligible for certain tax benefits if your AGI is too high. In addition, the IRS urges anyone with tax due to choose the speed and convenience of paying electronically, such as with IRS Direct Pay, a free service available only […]

Educator Expense Deduction: What It Means, How It Works, Limits

In general, insurance, medical expenses, transportation, and living expenses are not qualified school expenses for an education credit. Likewise, non-credit courses are not qualified education expenses, unless they are part of a degree program. Schools or districts may have an expense budget to submit these types of items, like travel for PD, for reimbursement, he added. […]

Offshore Accounting Services Acclime

With over 13 years of leadership experience, Julie is on a mission to revolutionize the way accountants operate in response to evolving client demands. In most cases, offshore companies are expected to prepare their accounts in accordance with the International Financial Reporting Standards (IFRS). However, some offshore jurisdictions allow companies to use alternative standards, such […]

A quick guide to offshore accounting services

This is due to time zone differences among partner countries, which lead to different working hours for your in-house and offshore employees. Offshore accounting involves assigning accounting and financial operations to an offshore service provider. Note that your offshore accounting team should not cost you more than or equally if you are to hire in-house […]