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Which one do I need and why? Even though a lot of entrepreneurs and business owners use the terms “bookkeeping” and “accounting” interchangeably, the two indicate two different types of services. For any business owner, it’s important to know the difference so that they know exactly what to buy, whether it be a service provided […]
Starting a business is nothing to take lightly, but these days it’s easier than ever to become your own boss. With advances in technology, we’re now able to use crowdfunding, social media and e-commerce sites and smartphone apps to build a business from the ground up and nurture it into success from the comfort of […]
How accounting services are embracing digitalization Accountancy has undergone major transformations in the recent past. One of the most remarkable of these changes is the introduction of accounting digitalization into the profession. Cloud computing has brought massive advantages in the way accountants are doing their work. For starters, it has made accountants be more responsive […]
As a restaurant owner, stepping into your accountant’s office can be the start of a nightmare, especially if it’s bad news and your business is losing money. The good news is, it is easy to plug holes in your budget if you figure out where the leaks are. Many businesses overlook simple spending mistakes that […]
With a growing business, it’s difficult to keep track of finances. Or, if you are looking to sell off your business soon, you know how much valuable clean books are. Therefore, you must always have a good bookkeeper on the job to maintain your books, and keep them clean and updated. Though there are many […]
Finance comes at a cost, so deciding whether or not it’s worth taking out finance essentially means looking at the cost of the finance versus the benefit of what it will allow you to afford. In the case of home improvements, there are four points it may be helpful to consider in order to take […]
Every business or organization essentially has two financial flows — revenue and expenses. You could also look at this in a more simplistic manner and define them as money coming in, and money going out. Money coming in is, obviously, what keeps a business afloat and allows it to operate for any extended period. However, […]