Bookkeeping is a vital component of running a business. Every financial transaction should be recorded in a ledger, which these days is...

The accounting cycle is an important part of the normal operations of a business. A typical accounting cycle is broken up into different...

Accounting is all about numbers. However, when you’re doing accounting, it’s normal to make a mistake or two! If you’re a business owner,...

If you’re a small business owner, you’ve probably had to sit down and look at your finances. However, there’s also a pretty good chance...

Running a small business can be hard. You don’t have the resources or the cash required to waste time and money figuring out processes,...

There are lots of different types of liability accounts to keep in mind. Pretty much every business deals with liabilities. Liability is...

The rising cost of living has affected businesses all across the world. However, even in the middle of this trying period, there are...

There are two ways to record accounting transactions in the world of accounting: cash basis and accrual basis. The accrual basis is based...

And they will cite a wide range of justifications for why they are not succeeding in their growth objectives. The most frequent...

If you run out of money, your business is most likely to fail. Because of this, effective cash flow management is crucial to the...

Cash outflow is a term that is used when cash is paid out from a business. The payments a company need to make can include payment of...

A chart of accounts is integral when running a business, but many companies do not have their finances organized proactively. Although...

Regardless of the goals of a business, there will be one that many share, and that is sustaining a profit. Although every company has the...

Running a business can be challenging, but many have found it an enriching experience. However, a company can only move forward if...

Many business owners assume that investing several hours into a business is the only route to success. Although several aspects of the...

For some, bookkeeping services can be considered a cost that reduces profitability, but the opposite is true in most instances. Many...

The pandemic caused a lot of change in several industries, and the accountancy sector was no exception. However, industry challenges...

When you first start a business, some may find that the bookkeeping is straightforward. However, as the business grows, the role of...

Cash flow can be a problem at the best of times, but even more so for small businesses. Now that the pandemic has affected everyone so...

Small business owners often struggle with the bookkeeping process. They have the same needs, albeit on a smaller scale, to large...