Monika Gola
Posted in Business Tips

How to create an effective profit and loss statement?

Profit and loss are two important things to consider when determining the performance of a business. Be it small, medium, or large, a business must have proper profit and loss statement to determine the future growth of the business. It also helps businesses or accounting firms to make better business decision in the future. Therefore, […]

Monika Gola
Posted in Business Tips

Smart tips for effective debt collections

Almost every businessman running a company will surely have some debt collections to make. A debt collection is the due amount of the company. A debt collector is the one who collects the past dues debt owed to creditors. When company has to collect more debts, it’s become crucial time to hire a commercial debt […]

Monika Gola
Posted in Accounting

What are the dilemmas in accounting ethics?

Whether you’re an accountant or running an accounting firm, one thing is surely you’re going to face and that’s dilemmas in accounting ethics. When it comes to accounting profession, adopting ethical behavior is necessary to prevent any kind of fraudulent activities and gain public trust. Believe it or not, accounting is most delicate part of […]

Monika Gola
Posted in Accounting

How does modern technology help or harm accountants?

Technology is everywhere. In fact, everything you do has some role of technology. For example, most people wake up in the morning after setting alarm in their smartphone. This is nothing but the involvement of modern technology in our daily lives. If you take a step further, you will see marketers and accounting firms are […]

Monika Gola
Posted in Bookkeeping

Top things a bookkeeper do for a small business

Are you running a small business? Even if you’re running a large business then also you can read this article. To run business successfully and to strive and thrive in the competitive accounting industry, you must keep an eye on your business finances. Not only that, but you have to record every transaction of your […]

Monika Gola
Posted in Accounting, Business Tips

The importance of data security in accounting industry

With the advancement in technology and innovation, data security has become a focal-concern in every business. Whether you’re into accounting industry or digital marketing, you need to keep an eye on your company’s data, information, documents and clients’ data as well. As the technology is getting advanced, data breach and spamming is also increasing. That […]

Monika Gola
Posted in Accounting

What is the importance of internal audits?

Auditing is important no matter whether you run a small business or large. Through audit, companies get to know the performance of their business finances and how much to spend in the business in the future. However, the perception of people is that they often ask whether it’s important to do internal audit of the […]

Monika Gola
Posted in Accounting

Top features of modern accounting system

One thing is clear and you know what that is? With changing business environment, innovation, technology advancement, if you don’t remain up to date with advance technology, you may remain behind in the race. You start facing problems especially when you run a business. Regardless the type of business you’re running, you have to be […]

Monika Gola
Posted in Bookkeeping

Signs reveal you have a bad bookkeeper

Running an accounting firm is not an easy task at all. You have to keep a keen eye on your accounting activities and business finance. Whether you run a small accounting firm or big, you have to keep a track of your business finance. To keep accurate track of business finance, you have to maintain […]

Monika Gola
Posted in Accounting

How does Artificial intelligence help accountants?

Artificial Intelligence (AI) is no more a new norm in present world. It is the technology which is empowering every type of industry be it digital marketing or accounting firm. The outputs you get from Artificial Intelligence (AI) are extremely accurate and make positive impact on your business. Therefore, in this article, you’re going to […]