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…
Controlling finances is perhaps the most important task any entrepreneur should consider when managing their business. However, it’s an area that not everyone likes, usually because they don’t have the habit, or they think they don’t have the necessary knowledge to do it. As we will see later, it only takes some basic knowledge and…
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…
The recording accuracy of bookkeeping determines an organization’s actual and accurate financial situation. An organization’s balance sheet and other significant financial statements are prepared and reported using the whole accounting process. Therefore, it is crucial that the bookkeeping is precise, and up-to-date, and captures all financial transactions before expanding, taking out a loan, or reporting…
For many people, accounting is seen as nothing more than a legal obligation, something that must be carried out because there is no other option, ignoring how important and how useful it can be. Accounting is perhaps the most important element in any company or business, as it allows knowing the economic and financial reality…
Surely you have heard about Artificial Intelligence or the famous fourth industrial revolution where machines will perform the jobs that humans do today. And although it might seem like something very distant that is only seen in movies or television series, the reality is that we are getting closer and closer to this happening, and…
Are you in the process of setting up your own business or do you plan to start the process soon? An accountant can assist you to give your creation every chance of success and ensure the sustainability of your structure. An experienced accounting firm can help you on this matter, all thanks to Company Formation Services…
