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Accounting

offshore and back-office outsourcing

Understanding The Difference Between Offshore And Back-Office Outsourcing

Businesses frequently use outsourcing as a way to increase efficiency, save costs, and simplify operations in today’s international market. Offshore and back-office outsourcing are two popular types of outsourcing that are sometimes confused. Although assigning work to outside parties is an element of both strategies, the extent, setting, and type of services offered are very

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Why Outsource Accounting - 7 reasons

Why Outsource Accounting – 7 Great Reasons for Small Businesses

Why Outsource Accounting – 7 Compelling Reasons for Small Businesses In 2023, business process outsourcing, including payroll and other functions, saw a 22% increase over 2019, translating to an overall spend of $212 billion. So, why do companies choose to outsource their accounting? Well, across California and the United States, small and mid-sized businesses are

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ASC 842 lease accounting

Understanding ASC 842 Lease Accounting Changes

In March 2023, the Financial Accounting Standards Board voted to bring American lease accounting standards in line with the global lease accounting standards set by the International Accounting Standards Board. This update affects Accounting Standards Codification (ASC) 842: Lease Accounting. These changes will become part of GAAP, and will have far-reaching effects on businesses across

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