Tuesday, 4 Jul 2023
Bookkeeping is a prominent part of running a business and its sale. Any financial commitment of the business requires the intervention of an expert who can assess the feasibility of the deal. These professionals are needed to determine the right …
Monday, 26 Jun 2023
Business planning begins even before the business is established and is only an idea in the mind of the entrepreneur. It requires creating an executive document with a detailed description of the business, its long-term goals and how it intends …
Tuesday, 20 Jun 2023
Bookkeeping is an indelible part of starting and growing a business with time. It is needed to understand the utilisation of the working capital and track expenses. It keeps the business owner aware of the health of the entity and …
Monday, 12 Jun 2023
Businesses are becoming highly reliant on digital tools and moving towards paperless operations. It enables them to make their organisations sustainable and digitally connected and boosts productivity by eliminating time-consuming manual tasks. With data getting stored, retrieved and shared over …
Thursday, 1 Jun 2023
Capital is the fuel that runs the engine of every business. The entity must keep operating to cover its costs and utilise the cash for expansion and growth. Entrepreneurs must cautiously invest business capital and keep an amount in reserve …
Wednesday, 24 May 2023
Property managers must be adept at bookkeeping because they need to determine the profitability of the asset. Financial management of a property entails tracking its outgoings, such as maintenance costs, repair expenses and insurance premiums, and incomings, which include the …
Friday, 19 May 2023
Businesses thrive when the entrepreneur and stakeholders are aware of their financial health. They rely on data analysis to make all small and big decisions impacting the bottom line. Whether the entity needs new equipment or has to hire a …
Tuesday, 9 May 2023
Running a business requires a profound knowledge of the financial health of the entity at every stage of its progress. It keeps the entrepreneur informed about the status of the profits and losses and the overall profitability. It gives them …
Wednesday, 3 May 2023
Small businesses tend to overlook their mistakes because the idea of reaching breakeven consumes entrepreneurs. A little mismanagement is usually balanced by making adequate changes in the next quarter. However, bookkeeping mistakes can cost the business significant losses that affect …
Monday, 24 Apr 2023
Bookkeeping has been a part of the commercial sector since the Mesopotamian civilisation. The service has been helping businesses retain their financial stability over long periods to operate successfully. The tradition has prevailed for generations and has taken several forms. …
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