Tips For Outsourcing Your Bookkeeping

Whether you run a small sized business or a large scale enterprise, you will require accurate, consistent and chronological bookkeeping services to make sure that you are able to access reliable information as and when you desire. The key to the success of your company is maintaining appropriate books of accounting, which is devoid of …

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4 Misconceptions About Accountants

An accountant will give me business advice. Unfortunately, many accountants do not have the training or experience to provide business advice, including marketing and systems development. They do not make good small business coaches or consultants and don’t see themselves in this role. So, many business owners like you are forced to look elsewhere to …

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Understanding The Numbers In Your Business

Experienced small-business owners will probably agree on one business maxim: You can only manage what you measure in your business. You should understand which numbers or ratios are critical in your business and industry and manage, monitor and adjust your business plans and models around them. For example, if your most critical number is inventory …

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Why You Need An Accountant For Your SME

Many small businesses owners have probably heard the stat about business failure and hoe a high percentage of SME’s close up within the first 18 months. Extensive research has shown that one of the main reasons behind this stark statistic is poor financial management. Despite these dire consequences, many business owners will still decide to …

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Auditor Job Description

Do you love working with numbers? Are you at the stage of your life where you are considering career prospects? Or do you just want a career change? Auditing could be the job for you! An internal auditor job description usually investigates a public/private organisations’ fiscal or financial operations. Part of the job description also …

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Accounting v Auditing

Many people do not know that although auditing and accounting both deal with finances, they are two different distinct disciplines. Recent statistics show that by 2022, employment in these fields is expected to increase by 13%. Therefore, if you are considering a career in accounting or auditing, it is very important that you understand the …

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The Basics of Cost Accounting

What Is Cost Accounting? Cost accounting involves preparing a company’s financial statements and calculating it’s products and processes. Usually, a cost accountant is also an adviser. For example, they may advise businesses on how to efficiently utilise their monetary resources). Cost accounting also helps businesses to analyse and establish break-even points. This is so that …

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Forensic Accounting – How Can it Help Prevent Fraud?

Do you own a business where other people have access to it’s income receipts or funds? For example, these people may be accountants or employees. If the answer is yes, then fraud is a concern for your business. Examples of fraud can be in the form of embezzlement or skimming. However, forensic accounting and forensic audits …

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Finding a Great Accountant

Finding a great accountant will help with trying to make big business decisions. For example, you may be between two minds about a particular financial issue and a great accountant can help with the decision. A fantastic accountant can really be of great help to a business. They can guide you with elements such as …

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Benefits of Cloud Accounting

Cloud Accounting There are many benefits of cloud accounting. Firstly, cloud accounting is used by many different types of businesses. If you own a start-up, early-stage, or small/mid-size businesses, aloud accounting may be a solution for you. Cloud accounting allows companies to choose what services they need. It is important that you know the numerous …

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