Puneet Sharma on Linkedin
Puneet Sharma
Manager - Finance & Accounting Division at Cogneesol Inc.
Puneet Sharma is a Manager in Cogneesol in Finance & Accounting department and is working with the organization since 2008. With his sound experience in this industry, he is currently managing 5 teams with an estimated number of 85 employees. He reviews the tasks & projects processed by employees, evaluates the team’s performance, and takes action in terms of training, reallocation, and changes in the process.
With his keen interest in contributing to the finance & accounting department, he shares his knowledge in the form of well-researched and informative content. He analyzes the latest accounting trends and has helped many businesses with various accounting processes through his engaging content.
reasons why retail business may fail
Accounting Blog
Why Retail Businesses Fail: Tips to Survive and Thrive

World over, the retail industry is in a state of flux. Hyper e-commerce activity triggered by the COVID-19 pandemic along [...]

Tax Preparer Mistakes
Accounting Blog
Common Mistakes Tax Preparers Make and How to Avoid Them

Tax season is stressful for many individuals and businesses, and finding a qualified tax preparer can make the process smoother. [...]

cpa tax preparation
Accounting Blog
Why CPAs Need Tax Preparation Services During Tax Season?

The tax season is about to kick off, and CPA firms will soon start running in all directions. The ultimate [...]

Tax Planning strategies
Accounting Blog
Top Tax Planning Strategies to Follow

Tax planning is crucial to overall business planning and must be handled with due care. Experts suggest that the more [...]

accounting mistakes
Accounting Blog
10 Money-Wasting Business Accounting Mistakes You Must Avoid

While companies always aim for higher sales and profits, there is sometimes a possibility of loss due to different reasons. [...]

chart of accounts for restaurant
Accounting Blog
How to Prepare a Chart of Accounts for Your Restaurant?

A chart of accounts is one of the best tools to record financial information itemized among categories. It influences other [...]

Accounting Method
Accounting Blog
Cash Accounting or Accrual Accounting: What’s Best for Your Business?

As a business owner, you would already know the importance of accurate finance and accounting method for better finance management. [...]

Poor Bookkeeping
Accounting Blog
Poor Bookkeeping Impacts Your Business; Know How to Improve

Bookkeeping is one of the most fundamental aspects of any business’s financial side. It provides information on areas that generate [...]

Accounts Payable Fraud Prevention
Accounting Blog
Accounts Payable Fraud and Prevention [Infographic]

Accounts payable (AP) is one of the most tedious and labor-intensive accounting processes. Around 71% of companies claim that manual [...]

remote work security best practices
Accounting Blog
Best Remote Work Security Practices for Accounting Firms

In the past couple of years, most accounting firms have rushed to adopt alternate work arrangements to support continuity and [...]

Virtual Bookkeeping Services
Accounting Blog
Are Virtual Bookkeeping Services Meant For Your Business?

The ongoing pandemic has led to revolutionary changes in bookkeeping firms because businesses are shifting from traditional methods to virtual [...]

data analytics in accounting
Accounting Blog
How to Gain Data Analytics Capabilities in Finance & Accounting?

Table of Contents Introduction Scope of Data Analytics in Accounting How to Make Efficient Use of RPA and Prevent Potential [...]

Bookkeeping Clean Up
Accounting Blog
How Monthly Cleanup of Books Can Uplift Your Business

Business owners make numerous transactions in a day which also means innumerable entries in the books. This significantly increases the [...]

Business Accounting Services
Accounting Blog
Choose External Business Accounting Services – Why & How?

Today's business owners are encountering greater expectations regarding financial transparency and compliance concerning changing government policies. In addition, businesses have [...]

bookkeeping tasks
Accounting Blog
The Ultimate To-Do List for Bookkeepers – Experts’ Opinions

Businesses of all sizes execute various processes. From which financial management plays a key role, helping owners to make informed [...]

Tax Season
Accounting Blog
Things Tax Professionals Actually Do to Recharge after Busy Tax Season

All businesses are required to file taxes for which they either hire tax preparation companies or have an in-house team of tax [...]

Tax Season
Accounting Blog
How can CPAs Overcome Busy Tax Season Challenges – Experts’ Opinion!

Tax season is challenging for CPAs as it brings a lot of work pressure. To achieve profitable growth and ensure [...]

Tax Filing Mistakes
Accounting Blog
Filing Taxes? Watch Out for these Common Mistakes!

The biggest testing time for businesses around the world is the time when they start preparing and filing taxes. Staying [...]

What Changes are Expected in the Restaurant Industry Post COVID-19?
Restaurant and Hospitality
What Changes are Expected in the Restaurant Industry Post COVID-19?

Halted business operations due to COVID-19 have led to financial disruptions in the restaurant industry. Undoubtedly, the pandemic period will [...]

Cloud Accounting Software
Accounting Blog
Cloud Accounting Software Forecast for 2020-2025! [Infographic]

In today's evolving business landscape, technology has emerged as the driving force behind the transformation worldwide. Almost every industry harnesses [...]

Accounting for dental practices
Accounting Blog
Dental Accounting Tips – Making Sense of Numbers

You have ventured into dentistry because you were enthusiastic about helping people look great and get healthy. Nevertheless, if you [...]

Tax Software Comparisons
Accounting Blog
Top 10 Tax Software with Comparisons to let You Choose the Best One!

As per the National Society of Accountants, the average cost in 2020 for a tax preparer to file a Form [...]

Tax Preparation Software
Accounting Blog
Drake: A Complete Professional Tax Preparation Software

Dealing with taxes is a complex task. The tax season brings an immense burden on businesses and working professionals to [...]

Cloud Accounting Solutions
Accounting Blog
Having Questions about Cloud Accounting Solutions? Get the Answers Here

Being an accountant/bookkeeper or owner of an accounting firm, you might already be aware of various technologies or software most [...]

how to get accounting clients
Accounting Blog
9 Sureshot Strategies for CPA Firms to Get More Clients in This Tax Season!

In 2019, January 23 was the starting date of filing the taxes, with April 18 being the deadline. This clearly [...]

Business Accounting Software
Accounting Blog
6 Signs Showing Your Business Accounting Software is Outdated

Many businesses have been implementing legacy accounting methodologies, and the same has been serving them well for many years. However, [...]

Hire an accountant
Accounting Blog
When is the Right Time to Hire an Accountant? [Infographic]

Running a business involves juggling numerous responsibilities. However, among all, accounting stands out as a critical pillar supporting your company's [...]

accounting for retail business
Accounting Blog
Accounting Challenges Faced by Retail Businesses & Ways to Avoid Them – Infographic

Accounting for retail business is one of the crucial aspects that hinder processes. Navigating the financial intricacies of retail operations [...]

Financial Due Diligence
Accounting Blog
Why Is It Important To Conduct Financial Due Diligence?

Any merger and acquisition are happens after a lot of thought and planning. That's where financial due diligence comes into [...]

Retirement Planning Tips for Small Business Owners
Outsourcing
Planning for Retirement – Essential Tips for all Small Business Owners

A great number of small business owners across the globe do not have a solid retirement program for themselves. Nevertheless, [...]

Restaurant accounting software
Accounting Blog
Comparison of Top 5 Restaurant Accounting Software – Infographic

For restaurants, accounting is an overwhelming task as they have to put their energies into perfecting food and services. Accounting [...]

growth of Accounting Industry in USA
Accounting Blog
Growth of Accounting Industry in USA – Infographic

The accounting industry in the USA has experienced remarkable growth in recent years. It reshapes the landscape of year-end progress, [...]

Bookkeeping tips
Accounting Blog
Tips for Seasonal Businesses to Manage Their Bookkeeping Effectively

Businesses often experience distinct busy and slow seasons, with some facing heightened activity during year-end holidays and others thriving during [...]

accounting industry trends
Accounting Blog
Top 4 Trends That Will Transform the Accounting Sector in 2018

Accounting has always been amongst the most competitive businesses in the marketplace. There are many technologies that cropped up during [...]

cloud accounting software
Accounting Blog
Why Cloud Accounting Software Should be used by Businesses [Infographic]

In today's rapidly evolving business landscape, the use of cloud accounting software has emerged as a transformative force, reshaping how [...]

features of quickbooks
Accounting Blog
Difference between QuickBooks 2017 and 2018

Quickbooks has become vital accounting software in every business. Which version you are using in 2017 or 2018? Are you [...]

bank account reconciliation best practices
Accounting Blog
Bank Account Reconciliation – 10 Smart Steps to Smooth up your Process

In the dynamic landscape of financial management, ensuring the accuracy and coherence of your company's financial records is paramount. Bank [...]

Manufacturing companies
Accounting Blog
5 Reasons Why Manufacturing Companies Should Adopt Modern Accounting Techniques

The manufacturing sector operates 24/7 with perpetually varying customer requirements, thereby making real-time finance-related data important for manufacturing businesses. Innovative [...]

Double Entry Bookkeeping
Outsourcing
Double Entry Bookkeeping Process – Infographic

Bookkeeping is the backbone of any successful business. It serves as a meticulous record-keeping system that tracks financial transactions. It [...]

Accounting and Bookkeeping
Bookkeeping Services
How to Streamline Your Accounting and Bookkeeping Processes?

When you streamline accounting processes, expect a better view of business financial insights. Every business owner looks forward to the [...]

hire a bookkeeper
Accounting Blog
Best Ways to Hire a Bookkeeper – Infographic

Bookkeeping is a very crucial task in every business firm. And so, businesses hire a bookkeeper to get the work [...]

Bookkeeping Mistakes
Bookkeeping Services
If You’re Making Any of These Mistakes in Bookkeeping – You’re Losing Money

Lack of experience coupled with proper knowledge of how accounting functions are performed, small business owners commonly commit errors in [...]

QuickBooks Accounting Software
Accounting Blog
Top 7 Tips to Optimally Use QuickBooks Accounting Software

For small businesses, bookkeeping is a must, however a strenuous task. Nevertheless, maintaining your business's finances in an orderly manner [...]

QuickBooks_Accounting_Software
Quickbooks Accounting Services
QuickBooks Business Accounting Software Versions and Prices – The Comparison

QuickBooks is very popular accounting software used all over the world. It has been packaged, developed and marketed by Intuit. [...]

Outsource manufacturing Accounting Services
Accounting Blog
Why Most Manufacturing Firms Outsource Accounting Services to India?

The manufacturing businesses in the US have been fighting with a suppressing business climate for quite some time now. The [...]

QuickBooks Bank Reconciliation
Bank Credit Card Reconciliation
Few Tips for QuickBooks Bank Reconciliation

Reconciling your bank account is among the most important business activities. This task has to be performed regularly every month. [...]

Retail Business Accounting Services
Retail Wholesale Accounting Services
Why Your Retail Business Needs Accounting Services?

For every business regardless of its type or size, accounting is an important function. It offers the necessary financial information [...]

Accurate Bookkeeping
Accounting Blog
Why maintaining Accurate Bookkeeping is Critical for Businesses?

Bookkeeping is the process of maintaining records related to monetary transactions.  It helps the higher management in analyzing the financial [...]

Tax outsourcing
Outsourcing
How Tax Outsourcing Looks Like After Donald Trump’s New Tax Plan?

The new tax plan initiated by Donald Trump, the president elect of USA is expected to generate wide impact. The [...]

Account Reconciliation
Bank Credit Card Reconciliation
Importance of Bank & Credit Card Reconciliation Services for Your Business

In any business, cash is the most important factor. It is the cash which helps in conducting the day to [...]

Finance and Accounting Outsourcing Services
Accounting Blog
Why Startups Need Finance and Accounting Outsourcing Services?

For startups, the early years are extremely difficult, in terms of capital as well as operations. This is where finance [...]

Tax software
Lacerte Tax Preparation
Discussion : Lacerte vs. Proseries Intuit Tax Software

In recent times, the trend of outsourcing tax preparation tasks to offshore tax experts has become popular. Moreover, the outsourcing [...]

Accounts Payable Receivable NetSuite
Accounting Blog
How Can You Streamline Your Accounts Payable and Receivable With NetSuite?

Account receivable & payable are both vital factors to business cash flow. Streamlining these processes would lead to business efficiency [...]

Tax Preparation
Tax Preparation
4 Things that Every Agency Owner Should Keep in Mind for Better Tax Preparation Outsourcing

Taxpaying is one of the basic activities that every organization or agency performs. The tax season is a delicate time [...]

reconcile Bank Account
Accounting Blog
How to Reconcile Your Bank Account Statement ? 5 Simple Steps

Accurate bank reconciliation of business accounts ensures the balancing of book records with respective bank statements. Having said that, performing [...]

Business Accounting Software
Accounting Blog
Why Use Accounting Software for your Business?

Finance and accounting services are a vital function in any business organization. It not only helps in keeping a proper [...]

small business accounting
Small Business Accounting Bookkeeping
5 Mistakes Usually Done By Businesses in Accounting

Maintaining correct accounting records is an essential function in every small to large business. It helps in keeping a proper [...]

bank reconciliations
Accounting Blog
How Monthly Bank Reconciliations Can Help Save Money and Prevent Fraud?

Businesses, in general, follow the system of double entry bookkeeping. One transaction is set off against another and two entries [...]

Outsourcing Accounts Payable
Accounts Payable
Boost Your Bottom Line by Outsourcing Accounts Payable

In any business sector today, the focus optimizing profitability. And why not? For business growth, development of new products, brand [...]

Account Reconciliation Process
Accounting Blog
Streamline Your Account Reconciliation Process with Cogneesol

There is a certain dichotomy about the whole accounting process. On one hand, the very foundation of a business rests [...]

real estate accounting services
Accounting Blog
5 Most Typical Real Estate Bookkeeping and Accounting Errors

While carrying out Real Estate Accounting and Bookkeeping either for new or established offices, business owners encounter certain ‘typical’ errors. [...]

Restaurant Accounting
Accounting Blog
A Handy Checklist for Restaurant Accounting

Accounting is a cumbersome and lengthy process, however, it’s crucial if your restaurant needs to thrive. We understand it’s unlikely [...]

netsuite accounting services
Accounting Blog
How Netsuite Accounting Services Adds Value to Your Business?

A question that business owners have is how NetSuite Accounting Services can add value? Before going into details, understand why [...]

Invoice Processing
Accounting Blog
5 Reasons for Small Business to Outsource Invoice Processing

Before going into why invoice processing services are essential for small businesses, it will be relevant to understand a few [...]

accounting services
Bookkeeping Services
How to Ensure a Smooth Handling of Accounting Services?

As a business owner with annual earnings ranging from $5 to $50 million, you're undoubtedly familiar with the accounting challenges. [...]

Outsourcing Accounting Services
Accounting Blog
Addressing Data Security Risks in Outsourcing Accounting Services

Data security stands as a paramount concern for companies venturing into the realm of outsourcing accounting services. In an era [...]

Outsource invoice processing
Invoice Processing Services
How to Solve Common Invoice Processing Issues?

An invoice from a service provider is received in the day’s mail and invokes a complicated procedure. Firstly, the invoice [...]

Balance Sheet Reconciliation
Accounting Blog
Balance Sheet Reconciliation is Crucial to Business. Learn Why!

The Balance Sheet in any organization is a reflection of the efficiency (or inefficiency) of its performance. Hence it is [...]

Accounts Outsourcing
Outsourcing
How Can Accounts Outsourcing Services Benefit SMEs?

Small as well as medium sized enterprises (SME) usually referred to as small and medium businesses (SMB) constitute a significant [...]

Outsource Bookkeeping Services
Accounting Blog
The Best Time to Outsource Bookkeeping Services

In case you are likely to outsource bookkeeping services for your business, when should you get it done? This all [...]

Outsource bookkeeping
Bookkeeping Services
Typical Reasons Why Outsourcing Bookkeeping Makes Sense

Entrepreneurs are invariably quite busy individuals. Odds are, they have got several obligations which they have to make plans for [...]

Restaurant Bookkeeping Solutions
Bookkeeping Services
How Outsourcing Restaurant Bookkeeping Helps Your Business?

If there is one industry that has fully cashed in on the Internet boom, it is the hospitality sector. People [...]

Real Estate Bookkeeping
Accounting Blog
Top 5 Bookkeeping Mistakes in Real Estate Industry

If you are a real estate agent or investor, chances are high that you have already got your hands in [...]

Reconciling Bank Accounts
Accounting Blog
What Kind of Errors to Avoid While Reconciling Bank Accounts?

Preparing bank reconciliation is an extremely crucial aspect of bookkeeping. Whether you are maintaining your own books and data records [...]

accounting trends
Outsourcing
Accounting Trends for the Year 2016

Off with the outdated, in with the new: this really is a proverb that can be used for the accounting [...]

Payroll Processing
Outsourcing
Frustrated with Increased Workload? Outsource Payroll Processing!

The payroll job is something that each and every business ought to perform, may it be a small or perhaps [...]

Lacerte
Tax Preparation
Lacerte Tax Preparation Software

The process of preparing tax returns is what we consider as Tax Preparation. It is essential for income tax returns. [...]

Finance and Accounts Outsourcing
Accounting Blog
Is Managing Accounts a Difficult Task? Give a Thought to Finance and Accounts Outsourcing!

Is it the case that the forthcoming tax season is giving a chill down your spine? It really is evident [...]

Tax Preparation Outsourcing
Outsourcing
Tax Preparation Outsourcing – Deal with the Customer’s Demand and Reap Profits

In the world of business, customer satisfaction is paramount. And when it comes to tax preparation, customers have higher expectations [...]

bookkeeper services
Accounts Payable
Basic Bookkeeping Strategies to Help Your Business Grow

Managing accounting and bookkeeping is crucial. It involves recording all your transactions for effective operations as well as survival. Seeking [...]

common accounting mistakes
Accounting Blog
Making Common Accounting Mistakes? Accounting Outsourcing Services Can Help!

Managing accounting tasks can be complex and challenging in the ever-evolving landscape of business operations. Regardless of your business size, [...]

accounts receivable outsourcing services
Accounting Blog
Strengthen Your Accounts Receivable Process by Outsourcing

Do you know your present accounts receivable percentages? Do you frequently receive incorrect and late payments? Are you willing to [...]

medical bill
Accounting Blog
You Should Outsource Medical Billing Services for Greater Profitability

There is not a single business sector, which has not been touched by the growing trend of the outsourcing industry. [...]

outsource bookkeeping services
Outsourcing
Outsource Bookkeeping Services: Get Professional Assistance to Capture Bigger Market Share

Professionally maintained books streamline different processes. Small businesses have found managing books quite a task in the absence of professional [...]

finance and accounting
Outsourcing
Big Companies Now Rely on Outsourcing Bookkeeping Services

The outsourcing sector has opened-up the doors of opportunity for small businesses. It is the overall set of benefits that [...]

Bookkeeping
Bookkeeping Services
Advantages Gained By Start-Ups by Outsourcing Bookkeeping

A writer has compared bookkeeping with dental treatment. There are serious consequences if you neglect it for a longer period [...]

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