Thursday, 24 Jan 2019
Deciding on the structure of the business is a vital decision which should not be taken in haste. It has a plethora of implications as it determines the amount of tax to be paid, asset protection, accountability of the owner, …
Wednesday, 26 Dec 2018
With the advent of cloud-based systems, the bookkeeping process has undergone a paradigm shift. The digital revolution has eliminated the outdated data entry-based systems and paved way for automation. The switch to evolved techniques has improved accounting accuracy and efficiency. …
Wednesday, 12 Dec 2018
Owning a flourishing venture is a dream cherished by all entrepreneurs who have stepped into the domain of trade and commerce. The owner is always looking out for ways to enhance the processes and improve the efficiency which allows the …
Wednesday, 28 Nov 2018
Bookkeeping may not be considered the lifeline of a business, but it definitely has the power to bring an empire down or make it flourish. It is a requisite tool in the arsenal of a business owner which allows accurate …
Monday, 19 Nov 2018
An entrepreneur is a highly energetic and proactive individual who wants to don many hats at the same time. From managing the administration work, logistics, inventory, supply-chain and finances to marketing and recruitment – they want to be a part …
Wednesday, 24 Oct 2018
Credit control is a vital part of the financial process of a business as it ensures that credit is given to only those customers who are capable of repaying it on time. It maintains the liquidity of the enterprise by …
Monday, 15 Oct 2018
A phone call or a letter from the ATO requesting an audit is enough to give you the proverbial jitters and sleepless nights. Most business owners become panic-stricken and start feeling helpless and puzzled when such a situation arises. However, …
Friday, 28 Sep 2018
Every business aims to grow further once the initial setting-up challenges are out of the picture. While looking at external factors as growth catalysts, entrepreneurs often forget about the most powerful weapon in their arsenal – the business reports. Financial …
Thursday, 23 Aug 2018
Staying on top of your books when you are still trying to set your feet in the industry can be daunting as well as nerve-wracking. The most common challenge with smart bookkeeping is that entrepreneurs are not aware of the …
Tuesday, 7 Aug 2018
The mention of bookkeeping may bring up a few frowns, but it is an indispensable tool that helps in maintaining accurate financial records of a business. It aims to make the company more profitable by formulating tax saving strategies, organising …
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