Are you ready to dive into the exciting world of financial management? We’re about to unravel the mystery behind bookkeeping and accounting, two essential components that keep the financial gears turning, especially for businesses. Buckle up and get ready for a joyride through numbers, records, and all things money-related! Bookkeeping: A Hero of Financial Organization… Continue reading Navigating the Financial Seas: Bookkeeping VS Accounting
Accounting can sometimes seem like a daunting task for businesses, but fear not! It’s actually a fun and crucial process that helps you keep track of your financial transactions. By recording and organizing your income and expenses, you can have accurate and reliable data to make informed decisions. So, let’s dive into the basics of… Continue reading The ABCs of Journal Entry: Keeping Records the Fun Way
Picture this: you stroll into a store, your heart set on buying that shiny new gadget for your business. But wait, before you whip out your wallet, there’s an important step to take. You need to send a purchase order to the vendor, ensuring they know exactly what you’re after. Now, here’s the twist: a… Continue reading Unraveling the Mystery: Purchase Orders and When to Use Them
Hey there, small business owner! We know you have a lot on your plate, juggling multiple aspects of running your business from catering to clients to keeping track of your bookkeeping and accounting records. But there’s one secret weapon that can make your life easier and your business more efficient: cloud computing! Now, we know… Continue reading Discover the Magic of Cloud Computing for Your Small Biz!
Are you ready to embark on an exciting adventure in the world of bookkeeping? It is one of the keys to success because it helps you track your cash flow, uncover hidden profits and losses, and make brilliant business decisions. Among the multitude of bookkeeping systems, the easy and effective Double-Entry Bookkeeping System is one… Continue reading Unfurl the Magic of Double-Entry Bookkeeping With Our Guide!
A crucial aspect of running a business is managing expenses. Expenses are made on essential items needed to run your operations, yet, it is important to learn proper management of such so that bad estimates do not cut into your company profits. More importantly, proper expense tracking makes your tax processing and computations easier come… Continue reading 5 Amazing Tools to Track Business Expenditures in 2023
There are additional factors beneath a company’s surface that contribute to a deeper comprehension of its financial situation. If you own a business, it’s not just enough to sell a lot of goods. The flow of money is critical because your overall advancement is marked by solid financial standing. By adding up your assets,… Continue reading Strategies for Improving You Company’s Financial Position
Some people who love modern technology would say e-invoicing is a better business practice. It is more environmentally friendly than paper and digital invoicing and is faster, cheaper, and less error-prone. It also seamlessly integrates into accounting procedures. In recent decades, the development of business and financial transactions has undergone a digitization process because of… Continue reading Find Out How E-invoicing Works in the PH
It is beginning to look like Christmas. As the holidays approach, Filipinos are rushing to put up their Christmas decorations, planning the gift-giving, and preparing for their noche buenas. But other than the possession of the Christmas spirit, Filipino employees are also busy summing up their long-awaited thirteenth month pay. Private employees are entitled to receive… Continue reading Learn to Compute for Your 13th Month Pay
Books of accounts are also known as accounting books. These books record all your business transactions from the profits to operating expenses. The financial records in these books should be organized and should serve as the basis for preparing your financial statements. Whatever data you have in these books thanks to meticulous bookkeeping is… Continue reading 5 Common Q&As Regarding Your Books of Accounts