A professional accountant examines the financial landscape of a business and evaluates, interprets, and offers his personal opinion based on a thorough analysis. They review general ledger information, complete financial statements, correct journal entries, and provide financial strategy consulting. Certified accountants may hold additional advisory positions by conducting audits, overseeing reports, monitoring cash flow, and…
Accounting is an inherent part of the life of a business, regardless of its size, legal form, and sector of activity. However, it is not compulsory to call on a chartered accountant to ensure its maintenance or to carry out all the administrative formalities associated with it. You have every right to manage all of…
It may not seem very far off, but in the year, the e-commerce sector contributed only 7.4% in global retail sales. By 2020, that number had grown to 18%. In 2024, projections point to around 22%. It is in the face of this growth rate that this business model is considered by many when starting…
The profession of a chartered accountant has grown considerably, and, in this sense, it is essential to surround yourself with competent people in this field for impeccable advice. Today, an accounting firm has a pool of knowledge depending on the specificity of the profession. The technical part of the accountant’s job is accounting (tax and…
Any company that aspires to grow over time needs to have its accounts in order from the first day of operation. It even requires an external accountant before its formalization; to have the business on track before starting its operations. Entrepreneurs often make the mistake of thinking that they do not need to hire an…
Not so long ago, the outsourcing of accounting services was reserved for large companies. But technological advancement has completely changed the game. Currently, a whole wealth of companies of various sizes are becoming familiar with this type of service. Small businesses Accounting service is suitable even for small businesses. If you’re a small business owner…
Starting a business, the manager begins to attract familiar accountants to his team or hires an employee for the position of accountant, even worse, he can do accounting on his own. In addition to the fact that there are many new unfamiliar points in business that need to be studied, a lot of time is…
Only an entrepreneur knows how difficult is to maintain the company’s accounts. Making sense of those numbers proves to be time taking and irritating to many. Currently, it is not surprising to note that SMEs have chosen accounting, on the one hand, to reduce internal personnel costs and on the other hand, to gain much…
Accounting is a cycle that starts from recording transactions to obtaining financial data and then processing it in such a way as to become financial information that can be easily read and understood by people who need it. Financial information from the accounting cycle is contained in a financial report which will later be used…
The accounting documents of your business, in addition to being mandatory, indicate the general conditions and performance of the company. There are some essential documents for any type of organization, and it is important to always keep them up-to-date and available. What are your company’s main accounting documents? 1) Invoices They are the most relevant…
