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.
An invoice is a conclusive document that acts as a record of the detailed information about a sale or purchase of goods or services. It is also considered an indispensable
Managing your accounts receivables ensures a smooth flow in your business operations. Late payments, misplaced invoices, and unsettled debts can negatively impact cash flow and impede your company’s growth. Additionally,
Business fraud is dishonest and illegal activities committed by a person or a company to achieve financial gain. And, unfortunately, every business can be vulnerable to fraud, with small and
Accounting is an administrative task that allows you to keep track of the money that comes in and out of your business. With proper accounting, you will have insight into
Bookkeeping is an essential part of running a business. It is the process of recording and managing all financial transactions made throughout business operations. The collated data is then used
The accounts payable (AP) is seen as a back-office function and is often behind accounts receivable (AR) in terms of a company’s management priorities. However, despite taking a back-seat to