Basic Best Practices for Accounting and Bookkeeping

When it comes to accounting and bookkeeping, there isn’t much room for error. Keeping sloppy books is not only bad business, but it can also be expensive in the event of an audit. There are some missteps, though, of which even a good bookkeeper can be guilty.

Order Entry – It’s All in the Details

When processing a high volume of customer orders, it is not uncommon to go on autopilot. But autopilot is the exact opposite of what is needed when it comes to delivering a high-quality service to your client.

Best Practices for Tax Preparation

Accurate tax reporting is a key component to the health and well-being of any company. While the accountants and bookkeepers in your company may not actually process your company tax returns, they still have an essential job in the tax preparation process.

Ensuring a Positive Company Culture

Aside from offering a competitive salary and solid benefits when setting up your subsidiary in the U.S., establishing a positive company culture can be one of the most important steps you take to acquire and keep talented employees.

The Importance of Depreciation and Asset Management

In a previous post, we discussed the importance of maintaining good accounting and bookkeeping practices. One aspect of proper bookkeeping includes tracking depreciation and asset management.

Shipping with HS and HTS Codes

If your organization intends to ship or receive items to or from overseas, it is important to understand an integral part of the international shipping process: the Harmonized System (HS) and Harmonized Tariff Schedule (HTS), which were developed by the World Customs Organization.

International Shipping and Incoterms

When dealing with shipping internationally, especially from abroad to the U.S., setting the terms of the transaction from the moment the customer requests a quote is incredibly important. To avoid problems, unwanted costs, and even potential legal issues, there should be no room for confusion or ambiguity in the contract you set up with your customer.

The Changing World of 3PLs

Third-party warehouses (3PLs) have historically provided companies with an invaluable service: the ability to store inventory and ship it out to customers around the globe. These warehouses are experts at packaging products to maximize order fulfillment.

To Palletize or Not to Palletize?

When it comes time to ship inventory to the United States, many foreign companies are unaware of the standards surrounding palletizing their shipments. While it is possible to ship a container oversees without pallets, it might not be the most cost-effective solution, especially when using an established warehouse or 3PL.

Navigating the U.S. Banking System: A Guide for International Executives

For foreign executives, the U.S. banking system presents a unique minefield of strict post-9/11 regulations. We break down the structural realities of KYC and AML, explaining how our IBI program turns a potential logistical nightmare into a seamless step toward complete operational readiness.