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The value of staff is something that is often overlooked by many companies. In actuality, human capital is a valuable asset for many businesses. Human capital refers to the skills, knowledge or training that individuals or teams possess. Businesses should be looking for an increase in human capital to grow the value of their company financially, to spur greater productivity,

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For the continued growth of a business or organization, ensuring profitability is essential. Long-term goals are vital along with a sustainable workflow. However, complex long-term strategies to increase profit are not the only methods available. There are simpler ways to bring about an improvement in profitability with the 5 tips that we’ve detailed below.

In recent years, the practice of outsourcing business processes has been on the rise. This has occurred due to advancing technologies and tightening economic situations. However, it is important to have an understanding of outsourcing before you decide if now is the right time to consider this approach for your company.

A strong business relationship built on good communication between the chief financial officer (CFO) and chief executive officer (CEO) is critical for any successful business. It is imperative to establish a trustworthy executive foundation your company can depend on. More than ever, business operators look to CFOs for reliable business guidance. As critical members of the executive team, good communication

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Financial and Management reports are the keys to your business’ success, but if you expect to rely on just one person to handle the reporting for your large business, you may need to rethink your approach.

Credit memos can be an important tool to help your business grow. While you may not be versed in handling your company’s finances, as the owner of a small to medium-sized business, it’s imperative that you become accustomed to dealing with invoices and other financial documents as your business continues to grow.

Accounting and bookkeeping are pivotal functions in any organization. They measure and check the financial status of the organization and provide invaluable data for business decisions. As a result, these fields demand topnotch accuracy and excellent organizational skills. Better defining and understanding the skills and qualities of an accountant can ensure you hire the right fit. WHAT CHARACTERISTICS MAKE A GOODRead more

For any organization, it is important to ensure that all accounting numbers and reports are correct. All monetary transactions, inbound and outbound should add up or legal trouble can ensue. To ensure accounts match, account reconciliation is required.

Keeping an eye on profits and losses is essential for any organization. A steady stream of profits ensures that the organization retains its operations and works towards providing better products and services. While losses may happen, it is vital that they are kept to a minimum. Profit and Loss or P&L management is essential in ensuring that the organization survivesRead more