Accounting
Top 2 Bookkeeping Mistakes By Small Businesses
A lot of people think that bookkeeping is tedious work because of the many details you have to take note of, including numbers that can
September 5, 2020
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A lot of people think that bookkeeping is tedious work because of the many details you have to take note of, including numbers that can
As an entrepreneur, part of your responsibilities is to understand basic accounting principles. This is essential in running your business, and in ensuring that your
As a business owner, you need an income statement and balance sheet every period. These financial reports document your activities, transactions, and profitability, providing a
When will you earn a profit? You start your small business precisely for the reason of generating profit. As such, it vital to conduct a
To make your job a lot easier, you need to understand your business’s financial key performance indicators (KPIs). These quantifiable tools help you measure and
For starters, accounting is the recording of all financial transactions of an individual or a business and translating these transactions into Financial Statements that will
One common misconception in the business world is that “Do-It-Yourself” (DIY) is always the cheaper option. This is not always the case, especially for accounting.
One of the many decisions you have to make when running your own business is how to pay yourself. It is a crucial question worth
Let’s be real, accounting and bookkeeping for your own business can be quite a herculean task, especially if you are not a professional. Even Certified
Every corporation, partnership, and tax-paying individual (sole-proprietor or professional) is required to have records of their daily transactions. As a business owner, you need to
Apart from marketing, operations, and retail work that needs to be done, it would be best if you also were on top of all your accounting tasks.
The accounting cycle is an eight-step process that is essential for bookkeeping, assuring your business stays in tip-top financial health.
A bookkeeper will help you do your books accurately, saving your time from costly mistakes that can harm your company’s financial health.
As a responsible employer, you must provide each employee the correct wage whether you require them to report for work or not during a public holiday.
Poorly managed resources are a silent business killer that will drain your company dry. So be diligent in tracking your cashflow and curb useless expenses.
