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Digitalization and advancement in technology have transformed the face of several industries and businesses. The core of every business – finance and accounting – has adapted to the emerging new  trends in Accounting 2020  is no longer maintenance of books of accounts. It has merged with other functionalities and is robust to handle. Let us check the Top Accounting Trends in 2020: 1)     Usage of Cloud-based Accounting Software: Small businesses to large organizations are choosing cloud-based accounting software over traditional ways of accounting. The low software subscription fees, ease of use, and the various accounting services offered are the reason for its popularity.  Quickbooks  is one of the top accounting software used by most of the organizations. This is one of  the best  accounting trend in 2020 . 2)     Automation of Bookkeeping Process: No company wants to invest man-hours in maintaining the books of accounts manually when it can be efficiently managed th

Bookkeeping entails the recording of the business’s financial transaction daily. With accurate Bookkeeping services for small business, the business will be able to analyze the information available in books to take substantial operating, investing, and financing decisions. For small companies necessary to spend additional time and money to record financial transactions timely and precisely. Recording of operations will be helpful to small businesses in many ways: Reason Bookkeeping Services for Small Business help: It provides businesses an authentic measure for their performance. Recording of every penny spent is a good habit and crucial for the business. Strategic decisions will be taken quickly based on available records. Analysis of income and revenue goals. Helpful for external users to make investing and lending decisions. Being a small business entrepreneur, one must have no time to record finances. To this problem, technology is rendering a helping hand in