For many entrepreneurs, record keeping and accounting are the backbones of a smooth business operation. These administrative tasks require recording source documents for business operations and financial transactions, which is
The bookkeeping and accounting records play a vital role in helping you evaluate your small business’s financial health and performance and prepare for your taxes and other government compliance obligations.
Creating invoices is among the administrative tasks that every business must do to ensure payments from their clients or customers. Invoices play a vital role in a business’s record-keeping and
The middle of the year is an ideal period to conduct a check-up on a business’s finances. Activities that transpired in the past months can provide significant data about the
Accrual accounting and cash-basis accounting are the two most commonly used accounting methods by businesses. These accounting methods comprise certain rules and procedures that companies follow when reporting their finances.