It’s almost always a matter of time before an economic downturn hits businesses financially. However, there’s a lot businesses can do to...

Job Order Costing for Small Business – Overview Job order costing is a kind of costing method used to calculate the cost of producing...

With the tax season almost right around the corner, businesses of all scales are frantically preparing to circumvent the complexities of...

At a Glance: Cash Flow vs. Profit for Small Businesses In a nutshell, cash flow vs. profits may be defined as: Cash flow indicates how...

As a solo entrepreneur, tracking and deducting business expenses is vital to paying the correct amount of tax each year and ensuring you...

Financial reconciliation is one of the most basic tasks a bookkeeper will be required to undertake. However, it’s also one of the most...

One of the primary objectives for any business is to secure a loan where necessary to continue operations or expand. However, the modern...

Behind every good business is a reliable set of books. You might think of bookkeeping as being something akin to a chore, and you’d be...

It’s normal to outsource bookkeeping these days. It requires a specific set of skills which the average business owner won’t have and...

With the tax season upon us, it is time to start organising your books to submit your tax returns as a business. Whether you do this...

Bookkeeping is an industry which is evolving at a rapid clip, growing in power and complexity with each passing year. It is no longer...

Making decisions as a business can be tough sometimes. You need to make sensible choices to keep the company going strong, but figuring...

The role of a bookkeeper is one which has great importance - you are responsible for maintaining accurate financial information about the...

As a small business, you will often find that managing your finances can get messy, to say the least. More often than not, your business...

Technology impacts every single area of life. So, we should expect to find changes in how bookkeeping practices evolve. Bookkeeping was...

If you have actively sat out to practice good bookkeeping habits, then you are well on your way to giving yourself a better sense of...

If you’re a business, you need to keep accurate records. Noting down key financial and performance information helps you to grow....

Every business needs to be able to plan for the future. It’s impossible to know what the next year will bring, but it is possible to gain...

Bookkeeping is something which has applications in more areas than you’d think. For example, bookkeeping is used a lot in the world of...

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