Blog
6 Ways Outsourced Bookkeeping Service Can Help You Save Money
Most business owners tend to question the real impact that an outsourced bookkeeping service has on their business. What they often fail to take into consideration is the greater cost associated with NOT having professional accounting support. When a business is young, income and expense streams may be relatively small. As a result, many owners
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How to Stay Competitive in the Face of Digital Disruption
Digital disruption is a force that will affect all businesses eventually, but some industries will face change sooner than others. Industries like retail and financial services are feeling the impact already, while others like the energy sector are next in line. Already, a staggering forty percent of the companies that were listed in the S&P
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Month in Review: June 2019
Summer is finally upon us at Enkel and here’s what we’ve been up to this June: New Hires This month, we welcomed a payroll analyst to our Enkel team! As we continue to grow our operations, we are constantly on the lookout for great individuals with a passion for technology and accounting to join our
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6 Bookkeeping Tools to Improve Your Not-For-Profit's Bookkeeping
Not-for-profit organizations contend with a multitude of financial reporting regulations that can lead to ongoing challenges in the accounting department. Not-for-profit specific revenue restrictions, for example, increase the complexity of sorting and reporting donations, investments, and other revenue. And without effective bookkeeping tools, paper receipt and source document management can deteriorate to the point where
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The Difference between Accountants and Bookkeepers
Regardless of the industry you work in or your company’s legal structure, bookkeeping and accounting professionals are vital to the health of your business. And while the terms are often used interchangeably, there is a great difference between accountants and bookkeepers in terms of their roles when it comes to managing and leveraging your financial
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How Cloud Technology is changing the role of Bookkeepers
As one of the oldest professions, the field of accounting is steeped in tradition and can sometimes seem resistant to change, particularly when it comes to new technologies. In fact, the impact of new technologies and the ability to adapt to a rapid pace of change are the two biggest challenges facing accounting professionals today,
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Key Performance Indicators of a Healthy Not-for-Profit Organization
One of the key responsibilities of the management team and the board of directors of a not-for-profit organization (“NPO”) is to regularly monitor if the NPO is in good financial shape and able to meet its long-term goals. The best way to monitor the financial health of your NPO is to use key performance indicators
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10 Reasons Business Owners Should Consider Outsourcing Accounting
There are many reasons why business owners may consider outsourcing accounting and bookkeeping functions. Since launching Enkel Backoffice Solutions, I’ve had the opportunity to have conversations with business owners of varying sizes, in a wide variety of different industries. Ultimately, the pain points I come across with business owners are fairly universal. We all want to save
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Month in Review: May 2019
May was a beautiful month on the West Coast as we transitioned from spring to early summer. It also marked the start of conference season for us at Enkel and here’s what we’ve been up to this past month! New Hires This month, we welcomed a new Onboarding manager and an assistant controller to our
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