Bookkeeping should never be equated to accounting because bookkeeping is merely a part of accounting. When accounting became computerized, there were apprehensions about the role of the bookkeepers. Will they be purged out and be taken over by machines? Unfortunately not, despite the introduction of computers, manual entry to the machine has to be undertaken. […]

There are none who work harder, longer hours and juggle so many tasks at once than small business owners. Unlike large corporate counterparts who can specialize in one area of the business such as marketing, sales, customer service, shipping, etc. while others handle other necessary tasks, the small business owner typically has to do or […]

Accounts receivable from the accounting scenario has a deep meaning and complicated undertaking. Accounts receivable is an asset of the business so the collections of these will be greatly affecting the company’s cash flow. Despite the era of computer technology, the accounts receivable staff still is needed in the company. Although the job is easier […]

Business success and failure can easily be gauged – through the financial statements. These accounting documents have to be prepared regularly, as much as possible – daily. The financial statements will reflect the performance of the business. Office staff or bookkeepers do the entries to the company’s books of accounts. But it may be unknown […]

To start a business requires expertise and herculean efforts. It is not only enough capital investments. Starting a business does not mean you can have a corporate enterprise by just having millions of funds. There are basic steps to follow before a business start up – steps that will ensure the prosperity of the undertaking. […]

The role of accountants does not cease on the preparation of financial documents. They also perform the task of making sure the company complies with all government taxation rules. Accountants are tax consultants. Tax-handling can be divided into two – the individual and the corporate. We are aware that the assets and liabilities of an […]

Bookkeeping is the recording of financial transactions. Transactions include sales, purchases, income, and payments by an individual or organization. Bookkeeping, commonly referred to as keeping the books, is the process of keeping full, accurate, up-to-date business records. Proper bookkeeping can help businesses effectively manage cash flow, stay abreast of profits and losses, and develop plans […]

The role of accountants in any business enterprise is indeed magnanimous. A business can determine all of cialis price its financial standing through the documents that the accountants prepare. Since financial position is very vital to the profitability of any firm, then the choice of the company accountants is crucial decision for management. Accounting is […]

If you are reading this article, I assume that you are a small business proprietor. It’s fair to assume since if you are a part of a large company, you will of course have your own internal bookkeeping and accounting department. A lot of small businesses have one or two part-time bookkeeper. I know that […]

In all business, it is a must to keep records. Keeping good records is essential to your business. A well-maintained record will help you do the following: * Supervise and monitor the business’ progress * Organize and prepare your financial statements * Identify source of viagra uk sales receipts * Track down deductible expenses * […]