Budgeting Reports: What Is It & Why Is It Important?
Budget reports are formalized statements that businesses use to achieve financial success. These are typically created to establish budget projections
Bookkeeping vs Accounting: What is the Difference? (Infographics)
There are many terminologies entrepreneurs must familiarize themselves with to gain a better understanding of their business operations. Among them
Everything You Need to Know About Account Reconciliation
Account reconciliation is the process of comparing financial records or account balances against records obtained from internal or external sources
Factors to Consider When Evaluating Your Small Business’s Financial Health – (Infograhics)
Understanding their small business’s financial health is crucial for entrepreneurs and other stakeholders. It enables them to determine future actions
Single Entry vs Double Entry Bookkeeping: Which Is the Better Choice?
Accounting and bookkeeping processes allow business owners to keep track of every transaction they make, monitor the money that comes
The Benefits of Up-to-date Accounting and Bookkeeping Records
For many entrepreneurs, record keeping and accounting are the backbones of a smooth business operation. These administrative tasks require recording
Types of Errors in Accounting and How to Prevent Them
The bookkeeping and accounting records play a vital role in helping you evaluate your small business’s financial health and performance
How to Conduct a Mid-Year Accounting Review – Infographics
The middle of the year is an ideal period to conduct a check-up on a business’s finances. Activities that transpired
Accrual Accounting vs. Cash-Basis Accounting: What is the Difference? – Infographics
Accrual accounting and cash-basis accounting are the two most commonly used accounting methods by businesses. These accounting methods comprise certain
Small Business Bookkeeping Tips: How to Set Up and Manage Your Own Books – Infographics
Bookkeeping is an essential part of running a business. It is the process of recording and managing all financial transactions
