Professional Bookkeeping Services Can Bring Precision To Your Financial Health

November 19, 2013 7:06 pm0 comments
Professional Bookkeeping Services Can Bring Precision To Your Financial Health

Accurate bookkeeping is invaluable to saving costs within your business; more so if you’re a small or mid-sized business focused on growth and expansion. If good financial health guarantees sound business, diligent bookkeeping across business functions is the secret to ensuring accurate financial records.

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Top 5 Bookkeeping Tips To Get Your Books In Shape

November 13, 2013 7:59 pm1 comment
Top 5 Bookkeeping Tips To Get Your Books In Shape

Every business, no matter how large or small, is required by law to ‘keep books’. Bookkeeping involves the recording of the financial transactions of your business, whether manually into ledgers or by entering everything onto a computer. Hence, you need to learn some bookkeeping secrets that will help your bookkeepers to become well organized and methodical.

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How To Interpret And Learn From Financial Statements

August 11, 2013 5:15 pm0 comments
How To Interpret And Learn From Financial Statements

Financial statements are a useful tool for judging the health of a company, and for comparing it to its competitors. They show what the company owns and owes, the profits or loses it has made over a given period, and how financial position has changed since the last statement. Generally, if you can tell which direction a company is heading in, you can also estimate future stock prices with some accuracy.

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Probing Into Your Business Cash Flow

August 1, 2013 10:42 am0 comments
Probing Into Your Business Cash Flow

Do you understand your Cash Flow Statement? Do you monitor your cash using the Cash Flow Report? Both are financial report tools that will assist you to manage and analyze your cash and business finances. But how do they differ? How can you utilize both these reports effectively? Let us probe into them to distinguish one from the other …

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All About The Evolution of Accounting

July 28, 2013 1:30 pm0 comments
All About The Evolution of Accounting

By : Frank Osgood *** Accounting has had a much more interesting run than one would think on first consideration. The man regarded as the father of modern day accounting Luca Pacioli, was one of Leonardo Da Vinci’s contemporaries and intellectual associates – he was one of the greatest thinkers of the Renaissance and also a magician – in fact much of his mathematical explorations and writings are closely linked with his interest in magic. If we head back to earlier eras – we’ll be able to chart the evolution of accounting from counting tokens to today’s more sophisticated payroll systems.

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3 Things You Must Provide Your Accountant For Maximum Benefit

July 24, 2013 10:15 am0 comments
3 Things You Must Provide Your Accountant For Maximum Benefit

By : Carys Faulkener *** Most business owners don’t have the know-how, time, or inclination to sort out their own books and taxes – that’s why they hire accountants. Nonetheless, even if you pay someone to help with your accounts, it doesn’t mean you can shirk all responsibility for keeping on top of the bookkeeping nor expect your accountant to do all the legwork. You can save yourself money and your accountant time by learning what information they will require when sorting out your tax return and those all-important end of year finances.

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Understanding The Balance Sheet

June 28, 2013 5:00 pm1 comment
Understanding The Balance Sheet

The balance sheet is the core of the financial statements. The other financial statements, i.e., income statement, cash flow statement and statement of shareholders’ equity, are either feed into or are derived from the balance sheet. Being the core, the balance sheet summarizes these three components at a specific point in time : company’s assets, liabilities and shareholders’ equity. These three segments show what the company owns and owes, as well as the amount invested by the shareholders.

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Five Key Benefits Of Having A Good Bookkeeper

June 20, 2013 4:53 pm5 comments
Five Key Benefits Of Having A Good Bookkeeper

By : Paul James*****If you currently own a business, or are looking to set up a new business, or have owned a business in the past, employing a bookkeeper is something that you will have considered at one point or another. For many business owners, finance will not be your strongest point. But the fact is, it is one of the most important elements for the success or failure of any business.

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What are Debits and Credits?

May 8, 2013 12:06 pm0 comments
What are Debits and Credits?

They may sound like foreign languages to you … but in fact, “debits” and “credits” originated from their original Latin words, “debere” and “credere”. Debit comes from “debere”, which means “to owe”. Credit comes from “credere”, which means “to believe”. Hence, in accounting language, debit is abbreviated “Dr” while credit is abbreviated “Cr”.

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What is a “Chart of Accounts”?

May 7, 2013 3:13 pm2 comments
What is a “Chart of Accounts”?

When a company’s accounting system is set up, the accounts most likely to be affected by the company’s transactions are identified and listed out. This list is referred to as the company’s chart of accounts.

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What is Financial Accounting?

1:54 pm3 comments
What is Financial Accounting?

Financial accounting represents just one sector in the field of business accounting.  It is a specialized branch of accounting that keeps track of a company’s [...]

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What’s Accounting About?

April 30, 2013 6:28 pm0 comments
What’s Accounting About?

It is not just about mathematics, it is more than counting business. Accounting is “keeping score” … it is about “tracking stuff”.  What score?  What [...]

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