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Alika Cooper

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Top Stories by Alika Cooper

Insurance is known to be packed with a widely ranging glossary of terms and some of them may be difficult to understand easily. But, it is very important for an insurer to understand all the terms covered so that he/ she can make the right decisions for their business. Here we’ve compiled a list of 10 important terms under insurance policy administration that will work as a reference to help you get a better grasp of your insurance business The post Terms Commonly Used in Insurance Policy Administration – Infographic appeared first on Cogneesol Blog. ... (more)

Accounting for Insurance Businesses– Can DIY Approach Work?

If you run an insurance business and are following a DIY approach for your accounting, then you may not be realizing the costs incurred for the same. A lot of insurance business owners believe that they are reducing costs by keeping their accounting in-house; however, the truth is that the costs incurred are actually a lot more when compared with an outsourcing company handling accounting for insurance businesses . Professional Attitude and Proper Processes: If accounting was nothing more than mere adding and subtracting of numbers, then accounting professionals would be carryin... (more)

How to Get the Best from your Document Review Process?

Legal document review is a very crucial part of any legal proceedings. It is the process where every party to a case sorts through and analyses all the relevant documents and data and determines whether they are applicable to the case. The work is carried out by trained attorneys on behalf of their clients but it is now increasingly common for law firms to take external help of professional and expert document review services to help them in this activity. Given the importance of document review, it is important that systems and methods be followed that optimizes this activity a... (more)

Future of Accountants – Can Accounting Software Replace Them?

It has been a fear of many accounting professionals, really since the time of Industrial Revolution. Even though we all are fond of modern-day technological advancements, there are a few people who never thought of getting replaced by a machine. Sounds, weird? Earlier, it was all about machines that replaced the manual labor, successfully taking away their jobs. Nevertheless, when the computer era came in, the entire process was taken a step forward. People are somehow getting replaced by AI. It is becoming more and more practical for software programs to take place of human expe... (more)

What to do if You‘re Not Prepared to File Your Taxes by the Due Date?

The stress of tax season can be too much for medical experts, across the globe. There is a lot of burden of making sure that you have all the required data to correctly report the income as well as the expenditures of your business. In case, you have not been proactive with respect to handling your medical practice accounting responsibilities properly, you may have to spend a lot of time and effort for filing your tax returns. If in any case, you are not able to obtain the required documents by the due date of filing the taxes, listed below are a few steps that you can take in or... (more)