Running a small business is no easy task, and entrepreneurs are forced to wear many hats. While some roles and responsibilities are a perfect fit for small business owners, others are beyond their scope of expertise. One task with...
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In an era where the business landscape is rapidly evolving and competition is fierce, it’s essential for businesses to optimize their operations and focus on their core competencies. This often involves outsourcing certain tasks, such as bookkeeping, to free...
Accounting is an essential function for any business, regardless of its size or industry. It involves the systematic recording, analysis, and reporting of financial transactions, providing valuable insights into a company’s financial health and performance. Small businesses should hire...
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...
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...
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....
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...
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...
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...