Business Process Outsourcing

Business process outsourcing (BPO) is a method of subcontracting various business-related operations to third-party vendors.
Originally used in manufacturing to manage supply chains, BPO now spans various industries, including healthcare, asset management, energy, pharmaceuticals, e-commerce, and others, to enhance efficiency, reduce costs, and leverage specialized expertise and advanced technology.1

Financial Reporting

Financial reporting is a crucial process for companies and investors, as it provides key information that shows financial performance over time. Government and private regulatory institutions also monitor financial reporting to ensure fair trade, compensation and financial activities. Typically, you record financial activities on several key statements, which others can use for review. In this article, we discuss what financial reporting is, why it's important, what financial statements are common and who uses and monitors these documents.

Accounting and book keeping

The distinctions between accounting and bookkeeping are subtle yet essential. Bookkeepers record a business's day-to-day financial transactions. Accountants focus more on the big picture. The two careers are similar, and accountants and bookkeepers often work side by side.

These careers require many of the same skills and attributes. However, significant differences exist, like the work conducted in each career and the skills needed to be successful. The following analysis compares the education requirements, skills required, typical salaries, and job outlooks for accounting and bookkeepers.

Payroll Processing

Payroll means the company’s financial record of payments made by the employer to the employees, including wages, bonuses, salaries, incentives, etc. The company must prepare an employee’s payroll for all its employees from the time they are hired till retirement/resignation. Processing payroll without delays in accordance with various statutory compliances is a significant activity of a company.