Tips for managing the accounts and business. After many years of working in the accounting sector and my failed business experience, I want to insist that small business owners prepare themselves to implement systems in their businesses to avoid disappointments from the start. Maintain good bookkeeping from the first day of […]

How do accountants help to grow businesses? Any wise business owner knows the value of an accountant’s help. You, a business owner with the right partnership with an accountant, will get the best advice and significant support at tough times and become an asset to your business’s growth. A management accountant […]

Charities Fund accounting for reports. The main difference between maintaining accounts in business and charity is accounting for funding. Fund accounting for charities splits the income and expenditure charges into several categories according to the purpose of funding received from the funders. Let me look at the different types of funding […]

Can founders treat charities like a business? Some founders of charities do not realize the charity’s regulations, and they start to think about the profit they can make from that charity. That results in mismanagement of the charity and ends up making profits. I have seen the founders of a charity […]

What is the difference between charity and business accounting? I have worked in the accounting sector for charities for the last thirty-five years, so I know the complexity of preparing financial statements for charities. What is the difference between charity and business accounting? When preparing company accounts, take income and expenditure […]