Accounting can be complicated and is a crucial component of a firm’s operations, regardless of its size. Many growing professional service firms struggle to create well-tuned accounting processes, especially as systems need to change to support increased activity.
COVID-19 has presented various challenges for professional services firms in 2020, unlike anyone could have foreseen. We understand the professional services industry since we are part of it ourselves.
How is your manufacturing company performing compared to others in the industry? Benchmarking is the process of identifying your company’s strengths and weaknesses by comparing its performance to similar companies.
Approximately 40% of small businesses use outsourcing to handle at least one of their business process. And accounting makes up 37% of all outsourced jobs.