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Showing posts from May, 2019

5 Tips for Commercial Lease Abstraction

Commercial leases have to capture every possible detail. They tend to get too long with boring and lifeless legalese, but each of those clauses are important. However, company’s senior management can’t spend too much time reading/scrutinizing them. This is a classic example of the gap between what the users need and what they have. To efficiently read and quickly process  commercial leases , you can create a “lease abstract”. It is a shortened form of the agreement that summarizes all important points for a quick read. Your game plan for creating a Commercial Lease Abstract Modern real estate firms extract key business facts from the leases and insert it into the real estate software. Abstracts of the lease complement the software; they must be done right because the software depends on the accuracy and accessibility of data in them. They are also your backup in case the software malfunctions or goes offline. Let experts take care of the lease abstraction process Your i

Cost of Accounting Outsourcing Service for Small Businesses

Most entrepreneurs start their business with a passion to sell their product or service. Everything else involved in a business comes afterwards. When the firm is in its nascent stage, a company can afford to spend time on its core activities while multitasking with its non-core activities. However, as a company starts growing, it should work on building a sound customer base, company should focus on marketing, research and development, procurement, advertising and sales. It really can’t afford to divert its activities towards the non-core activities like bookkeeping and accounting services. This is particularly true when the budget allocated to manpower procurement is limited and the scarce resources should be optimally allocated. In times like these, it makes sense to outsource your accounting services. Some studies have also suggested that the total savings for an outsourced bookkeeper versus an in-house bookkeeper is 62%. This is savings by a huge margin! Outsourcing as a