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
The end of the year is around the corner! And so is the income tax filing season. Yes, that season when your accountant is probably dreaming about numbers because your books are not adding up, and business owners are running
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
Businesses require strong cash flow management to maintain a healthy cash position. Remember that "cash is king," and managing a healthy cash flow position will keep that kingdom running, even when you're making profits. But many small and medium-sized businesses