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...

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...

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

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...

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...

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...