Understanding Financial Statements Balance Sheet Stock Photo & More Pictures of Bank Statement _ iStock In any business, accounting is a crucial aspect of the business’s success. When you get the advice of an accountant and implement proper accounting systems, it will lead you to the correct path.  Recording all the […]

Background of Accounting and Accountants Accounting is an integral part of a business. Some entrepreneurs try to do that themselves and others hire an accountant. I am writing this article to show the freelancer the importance of accounting for your business. Considering that a company needs to do this in a […]

What will happen if you don’t have a business plan? Success or failure! Most home-based or small business owners do not even know they need a business plan. So, I decided to write this article to show the potential business owner the need for a business plan. Do not ever think […]

How do you discover fraud in your business? Maintain accounting books. Accounting and financial reporting fraud is called cooking the books. Accounting frauds record sales in the books for the goods never sold and did not record expenses incurred. If that does, more profit will show in the books. Therefore realistic […]