Several important trends that have been going on for a while and have been significantly accelerated by some recent events, including the pandemic, will define the future of banking. To that end, the increased use of mobile banking and electronic wallets and the associated shift away from cash will continue, especially in developing nations with
Companies all throughout the world, particularly retailers, wholesalers, transporters, and logistics service providers, are experiencing the effects of increased fuel prices. Diesel prices increased by 65% in the US, 58% in Canada, 28% in Germany, and 36% in the UK in May 2022 compared to the same month last year. Few businesses have made major
Moving boxes across nations is only one aspect of the supply chain, and there are other factors at play in the current global issue than just capacity and driver shortages. Participants in international trade must deal with dozens of vendors and the difficulties that come with them, including moving and storing products, passing customs, navigating
The first question a student has when taking these disciplines is, “What are the similarities and differences between accounting and economics?” Both fields mostly work with numbers. However, accounting is concerned with gathering, evaluating, and disclosing income and costs. The production, consumption, and transportation of goods are the main topics of economics, a subfield of
With everything from online banking and buy now, pay later (BNPL) services to cashless and contactless payments increasing in popularity, the days of going into a branch for our daily banking needs are long gone. Customers utilized one or more digital payment methods in 93 percent of cases last year alone, and BNPL services were
If you own an accounting firm, you’ll probably need a regular flow of new clients each year to maintain the health of your company and to take the place of any current clients who decide to part ways. However, since the majority of accounting firm owners are focused on running their businesses during the day,
Except for bankers, everyone views banks as essential evils. Simply put, these institutions are the finest we have for running entire economies and managing financial resources. But that is about to change, as we’re about to launch a brand-new monetary system that is more reliable, equitable, and most importantly, decentralized. We’re obviously referring to cryptocurrencies
In order to maximize their growth and remain relevant in the new era, banks and fintechs are responding to the evolving needs of the younger generation by drawing inspiration from the achievements of other well-known companies. Global brands have been successfully connecting with customers in recent years to the point that they have taken on
Marketing for financial services has always been challenging. It takes significant skill to explain your offer, be completely open, sound seductive, and still be relevant and interesting. So, where do you start? Now that social media and content consumption are so pervasive, you should be figuring out what content can strengthen your brand and provide
One of the most frequently searched topics on Google is “how to make money on YouTube,” and the fact that you can’t upload videos to YouTube and earn money presents a hurdle that I’ll help you overcome today. Possible? Of sure, it is feasible, however, as with any endeavor, success depends on your diligence and
To boost profitability, all small firms must keep an eye on their cash flow and produce financial reports. On the other hand, it’s not always practical or wise to hire a whole accounting team. Fortunately, you can choose outsourced or online bookkeeping services to suit your needs. Finding the ideal accounting firm from the many
To maintain their relevance and position themselves for long-term career success as client and company demands evolve, CPAs of today must go beyond technical training. Effective technical training is without a doubt the cornerstone of a CPA’s success. Regardless of size, the majority of public accounting firms and private and public organizations engage in giving
