What is accounting? -A commonly used term, accounting remains a cornerstone of any company’s operations. Although we often hear about it, we may wonder about the true definition of accounting, or about the role of accountants. Faced with tax and legal constraints, these questions...
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The accountant is a professional whose role goes far beyond the drawing up of the company’s accounts. He’s the manager’s true partner, and will provide him with legal, tax, social, accounting and even wealth advice. The role of the accountant is crucial for the...
Portfolio investments are investments in institutions that are not covered by a government evaluation agency. These investments generally include shares or debt securities of the issuer. When a portfolio investment is permanently impaired, its carrying value must be reduced to account for the loss....
The Cash Flow Cash flow shows the cash inflows and outflows that a company generates over a given period of time. All cash inflows and outflows during the relevant period are aggregated to calculate the liquidity of an enterprise. Transactions that do not affect...
The effective management of your money and assets is part of everyday life, but it is also essential to achieve all kinds of goals. For example, long-term goals can include protecting your inheritance and moving your assets smoothly over to your loved ones. Estate...
It is in your company’s interest to have a global view of all strategies, as well as their strengths and weaknesses. Therefore, you also need to focus on budget planning to optimize the sequence of events. Daily activities take time and can easily derail...
Are you an entrepreneur, an incorporated self-employed person or responsible for the accounting of an SME (Small to Medium Enterprises)? If so, you should not neglect accounting software, which can help leverage your business in terms of productivity and organization. After establishing your criteria,...
Similar to business owners in various other sectors, those in manufacturing often find it challenging to stay on top of their finances. One of the mistakes that individuals in the manufacturing industry generally make, is to neglect proper accounting practices, especially those relevant to...
From both a legal and financial point of view, keeping records is essential in order to manage your company successfully. The accountant works with the entrepreneur to create a business plan adapted to the needs of the business, and can help when applying for...
Every business involves cash flow, and businesses require proper financial management. Accounting is one of the tools for achieving this. As a restaurant owner, it is imperative that you know about the financial health of your business so that you have a clear picture...
Real estate companies have a lot to manage other than just building, renovating, buying, and selling houses. Accounting services are also important for their companies. Their success is not only dependent on their ability to connect, buy, and close sales, but also on demonstrating...
The success of any business venture mainly depends on how good they are at managing their finances. In everyday life, one wouldn’t embark on a difficult journey without having a suitable plan. However, in business, it is upsetting to see so many dives in...
If you are operating a business, you understand the need for accurate financial planning and proper and timely tax returns. It is problematic that most business owners only visit their CPA when it is time to work on their taxes. While there is nothing...