Top 3 Online Accounting Benefits

If you are a small business owner then you know that in-house duties can be extremely time consuming. For example, maintaining accounting and bookkeeping can take up a lot of your time and effort. If most of your attention is placed on this, it may distract you from other important aspects of the business. It …

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5 Traits Every Great Accountant Has

Excellent organisational skills and an extremely high degree of precision are traits that clients expect from their accountant. However, a truly exceptional accountant will posses more than this. 1. Brilliant organisation skills As previously mentioned, a great accountant must possess exceptional organisational skills. It is important that they are continuously up to date with their …

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Accounting Tips for the Self-Employed

Are you self-employed? Or are you planning on being self-employed in the future? If you are, it is crucial that you either know about or learn how to deal with accounts. It involves everything from filing taxes to managing money and so much more! A top accounting firm can really help, but there are certain things …

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Traditional Accounting vs Cloud Accounting

Accounting for small businesses is tedious when carried out traditionally. If your business has not been availing of cloud accounting software, read below to discover why you should make the change. Conducting accounting traditionally is time consuming and it does’t add value to your business. However, accounting using the cloud can save your business so much …

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Invoice Format Tips

You have sent an invoice to your customer. They open it and it hasn’t been clearly laid out. More than likely, the customer will throw it to the side and forget about it. So, you don’t get paid. However, if you send your customer a clear, well laid-out invoice, they will be able to follow …

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Business Supports for Small Businesses

Within the EU, Ireland has one of the fasted growing economies. It is also said to be one of the best countries to do business in. With a highly talented and young workforce, our low cost economy is ideal for trade with the US, EMEA & EURAISA. The country’s PRO Business stance offers plentiful supports …

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How to Prepare for a Statutory Audit

The are a number of benefits associated with statutory audits. For example, your company will be provided with an outside perspective and feedback regarding the effectiveness of internal controls and processes. It will also enhance your confidence in the business. If you are appointing an auditor for the first time, take a look at the steps …

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Tips for Preventing Fraud in Your Business

Billions of euros are lost every year in businesses due to employee fraud. While you may rarely hear of small companies being the victim of employee fraud, it’s very common. This is usually due to a lack of awareness or a false sense of security. We have compiled a couple of tips to help with …

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Profit & Loss Statements Made Easy

There are so many entrepreneurs that don’t understand profit and loss statements. This means that they never look at them. If you are in the same position then keep reading. Below there are basic tips to help you understand this crucial financial tool. The formula for all P&Ls is very simple: sales – costs = profit. …

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Filing Taxes for Beginners

Although we’re all expected and required to know about filing taxes, many of us don’t know how to. This is probably because we come out of school uneducated in the matter. It is important to know the basics regardless.   Tax season can be daunting and filing your taxes can be an overwhelming and confusing task. …

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