How to find Working capital finance? It is capital that is used in day–to–day operations of the business. It is the balance from the current assets minus the current liabilities. A shortage of working capital creates Cash flow problems in the business. There are two ways to find your business’s working […]
Creating Cash Flow with Old Inventory Most small owners like to keep the old inventory in the store warehouse without realizing the result of their actions. Eventually, that will affect the business and go into bad shape. Unfortunately, most small business owners do not understand about inventory. They must know that […]
Enforce Internal Control What is internal control? Internal control is vital to protect the company from mistakes and fraud. A business will not be able to survive in the long run or grow if internal control is not enforced. Every business needs internal control as any company is targeted for theft. […]
The reasons you need an accountant for your business We all think an accountant can help us do the tax return, accounts, and payroll. But we have to make aware that an accountant can help a business in more complicated situations than that. When you start running a business, you might […]
Charity’s Annual Report Trustees’ annual report & Financial statements For the year ended. Name of your charity Reference & Administrative information Names of all trustees Chief Executive Principal Office Charity number Bankers Independent examiner Our mission Our Aims Our Objectives. Report of the trustees for the year ended 31/03/2018 […]
Best Accounting Services for you Many entrepreneurs successfully set up businesses, and they might have excellent skills in setting up businesses. They also might be good at marketing, maintaining customer relationships, and winning over ideal customers. But getting the company off the ground is doubtful if they are not experienced […]
A Guide for Charity Accounting A charity is an organization that has to benefit the public. It can be a charity educating the underprivileged, removing poverty, or helping with health issues. All in all, it has to be established for the public benefit. Charities must be set up according to the […]
What is Bookkeeping by vathani.W What is Bookkeeping? It is essential to have a bookkeeping system for any business to save that from failing. Bookkeeping is accounting for financial transactions daily to keep the records current. The entries are a double-entry system, either manually or computerized system. Nowadays, a manual method is […]
The difference between Bookkeeping & Accounting When a business is set up and running, two types of staff will perform accounting functions. The one doing the day-to-day transactions and posting to the ledgers will be a bookkeeper. A business cannot run accounting functions only with a bookkeeper and needs an accountant. […]