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How much do you know about reading the financial statements of your small business? While you might not be interested in accounting and finance courses, it’s very crucial for any business owner to understand the basics of the 3 financial
Accrual and cash basis are accounting methods of recording transactions. The time of recording these transactions is what differentiates the two methods. The biggest question, though, is which of these methods is ideal for your small business? Let’s find out. Cash Basis
The accounting cycle, also referred to as the accounting process of the bookkeeping cycle, is a bookkeeping process that involves converting your business’s raw data into financial statements for a particular period. When you talk about the accounting cycle for your
A chart of accounts is one of the most important accounting tools for your small business. Your business’s accounting and finance framework relies heavily on this. That’s why it is important to get it right from the beginning. It helps
Bookkeeping is the process of recording your business’s financial transactions. As a small or medium-sized business owner, you can hire a bookkeeper or do the bookkeeping by yourself. Whichever way you opt, it is important to have a bookkeeping system
The math is not adding up despite taking manual records of transactions. Have you considered online accounting software for SMEs?Most SMEs have challenges when it comes to cash flow management. It usually crops from the fact that most use a