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In today’s day and age, where everything is automated and technology is dominating in every field, it is hard to think of a place where technology is not being used. Organizations that don’t rely on technology remain behind the curve and find it difficult to compete in the industry. Accounting and finance are an essential part of a business, and using technology can positively impact a business.

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9 Ways to Boost The Turnover from Account Receivable

There is a significant increase in competition between companies in the present era of globalization. One can never foresee what can happen at what point in a market, and that's why many developed and that companies are taking precautionary measures to streamline their investment and finance operations to avoid cash flow problems.

By enhancing the effectiveness of receivable accounts, a business can easily increase its profits. Through reducing the time between receiving payment and generating invoices, you are actually moving your company towards long-term success along with achieving short-term goals. The increase in efficiency would make you more efficient to increase the cash flow.

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Does your Business Need Outsourced Accounting?

It is difficult for many small businesses, startups, and entrepreneurs to recruit someone with the right skills to prepare the financial statement of the organization, handle bank account transactions, evaluate financial data, and prepare outgoing invoices. Nowadays it has become more challenging to find the best worker at affordable prices.

While accounting and bookkeeping are commonly believed to have to be performed within the business, it is important to ask yourself that you have the skills and expertise you need. Since they are qualified professionals with years of experience and operate at affordable rates, it is worth considering outsourced accounting services because of this aspect.

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When is the Right Time to Hire an Accountant?

Irrespective of the business you run, there are a few things which every business owner can relate to and one of the most significant things in this regard is the accounting. There is no denying to the fact that accounting forms the backbone of every business as the accurate and timely recording of the financial transactions leads to a better understanding of the business in terms of profitability, growth, and strategic business decision-making.

This clearly proves that the role of an accountant holds immense importance to the efficient functioning of an organization. However, there are few business owners who do not feel the need to hire an in-house accountant or seek outsourcing accounting services.

The simple reason being they are of the view that they can handle the bookkeeping and accounting tasks of their business on their own. There is no harm in doing the same, but business owners forget that they cannot match the expertise and skills of a professional. Also, if they will manage the entire accounting tasks on their own; when will they get the time to focus on business growth?

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Careers for BS in Accounting Grads

According to the U.S. Bureau of Labor Statistics, the job outlook for accounting professionals looks promising as the number of accounting jobs available is expected to increase by 11% by 2024, which is faster than the average. The average salary is $67,190 (as of May 2015). With strong projected growth in the industry, consider obtaining an online Bachelor of Science in Accounting with Maryville University.

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6 Lucrative Career Paths with a Master’s in Accounting

As you work toward your master’s in accounting online, it’s important to be prepared for what comes next. See six career paths, from government accountant to financial analyst or CFO, that you might want to follow after graduation.

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Top C-Suite Career Opportunities

Known as the language of business, accounting is an integral part of any organization. A Master’s in Accounting is a strong choice in establishing a career path that can eventually lead to the C-Suite. Learn more about top C-Suite career opportunities here.

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Management Accounting Careers

Employment of accountants is projected to grow faster than the average for all occupations, according to the Bureau of Labor Statistics. If you have chosen this lucrative career path and are pursuing your Bachelor of Science in Accounting degree, you may find yourself picking from a number of specialties to pursue. One such specialty, management accounting, is a particularly dynamic choice.

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The Growth of Forensic Accounting

Investigating financial crimes is an important and dynamic job. Perhaps that’s why more and more accountants are gravitating toward this career path; in fact, the forensic accounting industry is growing at a rate of 7.8% per year, and is expected to be a $16.3 billion dollar industry by 2018.

The Growth of Forensic Accounting #infographic

Account-Based Marketing: Extreme Personalization Techniques for Sales and Marketing

Account-based marketing is the B2B marketing and sales technique that focuses on finding the companies you want to have as customers, then networking with contacts until you have advocates for your company within that potential account. This personalized form of marketing, aided by artificial intelligence, helps companies form lasting, mutually beneficial relationships with their customers. Is your company part of the 58% that say they’re planning to invest in ABM technology?

The majority of companies say this type of marketing delivers higher ROI than other types, and investing in ad tech helps companies engage with defined audiences, retarget leads, and conduct web conversion optimization to engage and qualify visitors to a site. Marketing automation, web analytics tools, predictive analytics, and other advanced technology propel ABM and personalized B2B marketing.

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Blockchain the Future of Accounting

For students pursuing a Bachelor of Science in Accounting, keeping a finger on the pulse of the industry is key to future success. One important factor driving change in the accounting industry is technology, from cloud computing to automated accounting, blockchain and more. Blockchain is specifically poised to create enormous change in the accounting industry.A blockchain is a public ledger that is transparent, constantly updated, and nearly impossible to alter via unauthorized means. It is decentralized, aggregating and authenticating every transaction from anywhere in the world.

Blockchain the Future of Accounting #infographic

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