Broadly speaking, the role of an accountant seems to be relatively straightforward. As bookkeepers, they record the company’s expenses and finances, verifying that transactions are accurate and taxes paid. However, while detail-oriented number-crunching...
During the early stages of a company’s growth lifecycle, bookkeeping is typically kept in house. However, at some point, every successful business reaches a stage where accounting becomes too large and critical a task for a non-professional to handle. For...
In the early days of a small business, it is normal for a company’s initial members to play several different roles. For instance, the business owner is often saddled with maintaining the books, amongst many other critical tasks. While this juggling act may be...
As a small business owner, it is vital that you stay on top of your finances. By understanding the inflows and outflows of cash, you can gauge the company’s financial health while finding opportunities for improvement. In that regard, a profit and loss...
In the early stages of a company’s lifecycle, the key members within the organization, particularly the owner, may have to wear several different hats. On any given day, you might play the role of CEO, secretary, salesman, accountant, or even intern…...
Top Five Accounting Best Practices Your Business Should Follow To run a successful business, you must keep a thorough record of your numbers. Through diligent accounting, you can ensure your company is viable and your cash flow never throws you a curveball. To...
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