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, […]
Accounting is one of the most significant parts of your business. In fact, accounting has the power to make and break your business finances. Whether you’re a small business or large, you need to manage your accounting records and business finances with balance sheet snapshot. Balance sheet is a snapshot of your business that gives […]
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 […]
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 […]
Do you run an accounting firm? If that so, you may be looking to launch a new service for your clients. You may be having a new service in mind but lack the knowledge to launch it right. If you’re looking for ways to launch a new service for your clients in your accounting firm, […]
In the previous article, I talked about forensic accounting and advantageous of having forensic accounting in the business. If you haven’t read the previous article, then make sure to read it first. And this article has become come into being for people who’re searching for skills need to become a forensic accountant. As you know […]
Let’s keep it simple from the scratch – this article is going to confabulate with Inventory Accounting. Are you aware of this? If not then this article is going to be very beneficial for you. Make sure to read the complete article as I’m going to start from scratch. But before that let me give […]
If you’re planning to start your business (regardless the size and type), one things you must be aware of is accounting method. Now there are two types of methods available, which include cash basis accounting and second is accrual accounting. I have also talked about the difference between these two. You can read this article […]
Tax is one of the most integral parts of any business. Without knowing the taxation part, you will risk your business and it may result in winding up your business. At the end of every year, businesses are bound to pay tax on the annual income, right. But the problem is not every businessman is […]
The foundation of every company depends upon the cash flow statement. If you have just started your business, cash flow should be an integral part of financial planning of your business. However, not every company founder tends to be having accounting knowledge or comes from finance background. So, how one would check and forecast cash […]
