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As we progress into the new year, have you done stock-taking for your small business? As long as your business has inventory, stock-taking becomes a necessity for better accounting, financial planning, and management. Unfortunately, stock-taking is a tedious process but crucial
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 market is full of online accounting software for SMEs, which can make it a bit overwhelming when shopping for one. Luckily, I listed down what to consider when looking for online accounting software for your small or medium enterprise