Payroll processing is one of the most critical aspects of the global accounting and business fields. It's also something that has to be done tediously every week and with accuracy as your employee's lives depend on it. The main purpose of payroll processing is to fairly and accurately compensate all employees for their work. There are various ways to accurately and routinely process monthly payrolls; however, which procedure would be best for your business? To ensure accuracy and reliability during monthly payrolls, you should track deadlines, create written policies, maintain records, enhance time and
Does your business require the financial expertise of a CFO but cannot afford to appoint one full-time? You may have the vision to grow your business or restructure. This is where a Fractional CFO would help. Fractional CFOs are experienced CFOs who offer their services part-time or on contract to companies that need it. But what should they do to add value to your business? There are five services that a Fractional CFO should provide to your business to add value. These five services include strategic financial planning, budgeting and forecasting, obtaining funding, optimizing business
If you own a small business, there might be times when cash flow is a problem, or you want to expand your business but need more funds to do so. In cases like these, one option for financing is asset-based lending. But what is asset-based lending, and how does it work? Asset-based lending is a form of credit in which one or more of a company's assets, such as accounts receivable, inventory, equipment, and real estate, are used as collateral. The lender may seize these assets if the business cannot repay the installments anymore and
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