Paying tax is the basic responsibility of every citizen of the country. As a good citizen, it is our responsibility to comply with all the regulations of the country. People earn through many sources. We need to show all our income while paying income tax. Many people do not have a proper idea of filing […]
In this digital age, offshoring and outsourcing have a significant role on the top and bottom line of the big companies. Given below are the reasons to outsource as mirrored by industries? Outsourcing technique is not new to the industry. It is the tried-and-tested model which enables you to focus on your core business activities […]
In the dynamic landscape of modern business, every decision related to finances matters. For business owners, especially the small and medium enterprises (SMEs), bookkeeping plays an essential role in ways that extend far beyond mere record-keeping. When you have a reliable bookkeeping system, you can ensure that all the data is tracked, analyzed, and also […]
The challenge to keep on with the rapidly changing technology is the extreme pressure on recent day’s business owners. However, to survive in the modern world you have to keep it up. In this competitive era in order to get full advantage of all advanced technology, you should have to stay informed regarding the recent […]
There are certain things those have to be taken care of, as the industry has changed the way in which it used to do business forever. Yes, the key place that has really made a difference for business owners is the accounting and bookkeeping task. Accounting and bookkeeping activities are like that unpleasant task which […]
Entrepreneurs know bookkeeping plays an important role for the success of any business. However due to several reasons often the business owner arrived at our virtual door when things are not under their control. Outsourcing is not a rescue service. But yes… It can be said that a stitch in time saves nine. Many business […]
Bank reconciliation statement is really an important reconciling report to check the disagreement between the cash book balance and bank balance. It identifies the difference and the causing reasons of the same. In simple terms it is the detail explanation where you can come to know about the reasons for the differences between the bank […]
Before going to learn to face the bookkeeping issues first we will discuss the real Small Businesses problems. The success of smaller companies depends on the solid bookkeeping foundation. Big bank accounts of large business houses can cover their mistake while a Small Business unit might go through serious financial damage cause of the same. […]
Businesses see a large turnover of cash as they notch up growth and revenue. Economy is on the upward swing and the investments are on the rise with business driving jobs and employment across the country. It is inevitable we will expect a large circulation of cash in the business. Understanding the cash flow is […]
Whether you keep your own books or outsource the bookkeeping to a dedicated professional, it’s important to have a good grasp on bookkeeping basics. We all know our bank account debits and credits but what about all those other accounts we use? Here’s a handy acronym to help you remember how to record transactions properly. […]
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