Notwithstanding recent global pandemic, the 2021 outlook for small businesses is very promising. The small business space is changing at an increasingly accelerated rate. Competition, automation, workplace culture and technological advances are just a few of the factors that are molding the future for small business. Small business owners and aspiring entrepreneurs need to be in-the-know about the latest market trends in order to achieve sustainable growth and profitability.
Overseeing your accounts payable and accounts receivable (AP & AR) is among the more tedious component of running your growing business. AP and AR management involves tracking large amounts of paperwork, reviewing contract terms, and can take significant time from your workday. Because of this, it’s among the more popular account services offered by CPA firms.