It’s hard enough to run a business on a day-to-day basis, but when you start worrying about the balance between profits and cash flow, it can seem nearly impossible to get anything done. Which one should you be paying more attention to? What does each even mean? To sort out some of this confusion, read…
Bookkeeping is essential to the success of your small business and one of the most important tasks you can complete on your own as an entrepreneur. Bookkeeping and accounting are necessary evils that must be done to keep your business in good standing with the government, but many small business owners either need help with…
Running a telecom and communication business can be a challenging endeavour. Without the proper accounting and bookkeeping services, businesses in this industry can quickly fall into disarray. Fortunately, there are ways to keep your business afloat with the help of accounting and bookkeeping services. In this blog, we will discuss how these services can help…
Starting a business can be an exciting, rewarding, and potentially lucrative endeavour – provided you don’t get in over your head and quit before you even get started. However, it can also be a daunting one, and the scariest thing you can do because starting your own business means that all your eggs are in…
Bookkeeping is an essential part of running a successful business. Not only it does help you stay on the zenith of your finances, but it can also provide many other benefits. This blog post will discuss five of these benefits you may have yet to learn about. We will discuss why bookkeeping is essential, the…
A company’s balance sheet is made by gathering all accounting entries carried out during the year, such as the inflows and outflows of resources and purchases of goods, for example. It is essential to know how to carry out a balance sheet efficiently. See our step-by-step guide! Determine the period A balance sheet should represent…
The tax audit covers a series of procedures capable of preventing the company from having problems with the Tax Authorities. Understand the importance! Some still believe that tax auditing is not an advantage for organizations. However, this practice can avoid a series of problems for companies, including receiving fines and sanctions for problems with the…
Many are not aware of this fact, but compliance does not only concern credit institutions and investment firms. Strong competition and the globalization of markets have widened its scope of action. It now affects all sectors of activity. And because of this context, many leaders have become aware of the importance of empowering their collaborators…
The behaviour of management influences the culture of the company. Incorrect accounting practices, insufficient internal controls, incomplete or outdated documentation of procedures, and ineffective or absent auditors pave the way for fraudulent behaviour. The evolution of society has also brought changes in business models. Economic development, the emergence of new technologies, and digitization has led…
Every day, healthcare providers are increasingly at risk of cyber fraud. The healthcare industry is particularly vulnerable to data breaches, as sensitive patient information is often stored electronically and is a valuable target for hackers. As a healthcare provider, it is crucial to understand the risks posed by cyber fraud and to develop strategies to…
