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Lease Accounting: What does ASC 842 Mean for You?
The Financial Accounting Standards Board (FASB) issued Accounting Standards Update ASC 842 in 2016. Since the new lease accounting standard has been issued, public companies have met compliance, but private companies are due to meet the compliance deadline by 2022....
Best Practices in Accounts Payable
Many business leaders overlook their Accounts Payable process, underestimating the importance it has on the success of the business. Implementing best practices will create an efficient Accounts Payable process that can save time, money, and headache by reducing...
Cost Benefit Analysis: How to Decide if Outsourcing is Worth It
If you’re a multi-unit business leader, chances are you’ve heard of Business Process Outsourcing (BPO). You may even be familiar with the advantages it provides to growing companies. The problem is BPO has a reputation for being complicated, confusing, and...
Is Your Multi-Unit Business Ready to Scale?
Is your multi-Unit business set up to scale? You’re currently operating somewhere between 25-50 locations. You’re past the start-up phase and your multi-unit business is making a profit. However, there are still goals you’d like to achieve. More locations mean more...
Keys to a Successful Outsourcing Partnership
Outsourcing your Accounting, Payroll, and Reporting is a collaborative partnership. This means you’re not handing off tasks and processes to an outside party to be completed without your involvement. Your Business Process Outsourcing (BPO) provider is a partnership...
7 Myths of Outsourcing
Outsourcing offers many benefits to companies who are looking to excel in one area and can even be essential to their success. The idea behind outsourced services is that companies can focus on what they do best while allowing experts to focus on day-to-day operations...
BPO and Bundled Technology
Growth after COVID-19: Understanding Why Restaurant Owners Need a BPO Provider with Bundled Technology COVID-19 rocked the nation’s businesses and forever shifted the day-to-day workplace. With many businesses scrambling to pick up the pieces, the restaurant industry...
3 Biggest Risks of Virtual Restaurant Brands
Over the past few years, we’ve seen virtual restaurant brands emerge as one of the latest trends in the restaurant industry. But when the pandemic shut down the economy, virtual brands were fast-tracked to the forefront of restaurant innovation. Though many experts...
How Contactless Payment is Changing Restaurant Tipping
On November 17, Netspend in partnership with InfoSync performed a live webinar, “Paying Tipped Workers in a World of Contactless Payments.” Adam Kujawa, Vice President Sales and Business Development at Netspend, and Josh Bartel, Vice President Web Development...