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Showing posts from July, 2019

Virtual Accountants- Your Remote Accountant Human Resources

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Virtual Accountants are real-time accountants who exist in a different country, entire different timezone,   or even right next to your building and do the work for your company or accounting firm. They are skilled experts in every aspect of accounting and provide their services for your business’s accounting needs. They are work for you as your employees managing your day-to-day accounting needs and complete your bookkeeping and other specified accounting tasks for you. You can be a small or medium business, an entrepreneur or a conglomerate, there is no way you can run a successful business if you don’t have a sound and solid financial and accounting plans or maintaining records of your every business transactions. Employing a full-scale accounting department makes a little sense when you are a conglomerate, however, for small and medium-sized business (SMBs) concerns hiring an complete in-house accountant is not that cost friendly. Instead, virtual accountants are y

ARTIFICIAL INTELLIGENCE AND ITS PROMINENCE ON F&A OUTSOURCING

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Artificial Intelligence (AI) is now omnipresent. Progressing eventually AI will be the norm ubiquitously, where either machine perceives the capability to decide or humans collaborate in sync with machines in terms of intelligence. AI significance is that it paves the way for machines to think and act as possibly as humans do. And in a few aspects, it can do much better than humans. For tasks which are repetitive and voluminous,   machines can perform consistently than humans can achieve to do due to a human’s basic trait of boredom in doing voluminous repeated tasks. Finance & Accounting Outsourcing is the business practice where accounting firms, corporate houses, a small scale business or startups outsource their finance & accounting tasks to an onshore or offshore outsourcing company. Outsourcing is hugely done because of its cost-effectiveness and timeliness for their own business and getting them a strategic edge. How does AI actually weave into F &