Online Accounting – How It Can Help You

Like any other business owner, you are probably up to your eyes in day-to-day tasks. Accounting and bookkeeping can be a daunting task. It’s easy to keep adding it to the bottom of your “to-do list.” We have the solution for you… Online accounting software! Using online accounting software helps majorly with calculating revenue, cash flows and …

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What Can An Accountant Do For You?

Not all accountants are the same. But a good accountant can be very beneficial for your business. Accountants offer a variety of services. For example, accounting firms such as Kilcoyne Accountants have plenty to offer for businesses. Audits Business Advisory  Online Accounting Taxation And more… A good accountant will be able to help you with the …

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Internal Audit – What is it & What are its Purposes?

INTERNAL AUDITING – What is it? An internal audit is designed to improve and add value to how a company operates. A company can accomplish its objectives with the help of internal audits using a systematic, disciplined approach. This approach evaluates and improves the effectiveness of; Risk management Control Governance processes In simple terms, internal audits …

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Types of Cash Flow Forecasts

It needs to be determined how far into the future forecasts will look. It is the first decision that needs to be made when setting up a cash flow forecast. Forecasts are more detailed the shorter they are. If the forecasts are much longer then it is less detailed. The types of cash flow forecasts …

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Preparing for a Statutory Audit

Statutory audits can provide; Feedback on internal controls and processes effectiveness within the company Outside perspectives and thoughts about the company. Confidence in the business can be enhanced with audited financial statements. It helps when looking for future finance or investors. There are a number of steps that a company should take if appointing an auditor …

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Why Should I Develop a Business Plan?

A businesses daily activities are likely to be unorganized compared to other businesses implementing a well thought out business plan. If you are still on the fence regarding why you should develop a business plan, the following 3 points should help you decide. Business plans help with; Mapping out the future Managing cash flows Developing and communicating …

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Managing Cash Flows

Making sure more money comes in than goes out each month can be baffling for new businesses owners. The good news is there are solutions to make life easier, such as outsourcing some of the burden to an accountant or using cloud-based accounting software. Rather than completely isolating yourself from these responsibilities, you should grasp the basics …

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Types of Accountants

An Accountant is skilled in keeping accounts and books of accounts correctly and properly. There are many different types of accountants. These include: Auditors Forensic accountants Public accountants Tax professional Financial advisor Consultants Auditing is the study of records and reports of an enterprise by accounting specialists. Auditors help to ensure firms efficiency by keeping public …

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Creating a Balance Sheet – 5 Simple Steps

A balance sheet is an essential way to evaluate a business’ financial health, and can be calculated every month, quarter or half-year to create a snapshot of a company’s net worth. Creating an annual balance sheet will help you to Evaluate the equilibrium between your company’s assets against its liabilities. Determine the overall financial strength and value of …

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Why Should I Choose An Accounting Degree?

Accounting can offer a rare combination of stability, prestige, money, and excitement. Modern-day accountants are business-savvy individuals who are effective communicators and heavy users of technology. An accountant’s job is more than keeping the financial books of a company or individual in order. They are the custodians of a business’s or public entity’s overall financial …

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