Understanding what your expenses are is the first step in establishing a business that has a solid foundation. While it’s true that counting your expenses can be a lot less exciting than counting the profits of what your business provides, it still is an important part of how you can fully understand how the inner…
For startups and small businesses, bookkeeping can be a real challenge. As an owner or manager, you encounter these three options for accounting: do it yourself, hire an employee to do it, or let a third party take care of it. All of these options have drawbacks. With your spread-thin time, doing it yourself…
Running a business involves lots of complexities. Many of the startups shut down after the first few years of their inception. Most of the young entrepreneurs tend to make mistakes such as improper team management, lack of multi-domain experience, especially non-core activities, and poor market analysis. Despite working for hours with devotion entrepreneurs fail…
The digital age has brought endless possibilities to start online businesses of all shapes and sizes, so there’s something out there for all types of people. If you’ve got a knack for numbers and a good head for organization, starting a bookkeeping business might just be the right choice for you. It’s also a very…
If you’ve been running a small business for a few years, it’s likely that your questions have evolved from the earlier days of “How do I attract more customers ?” to questions more along the lines of “How can I utilize my time better?” and “What questions don’t I know to ask that could grow my business faster?” You might…
What is Audit Trail? Have you struggled to find the accurate amount of a transaction to close out the month? Maybe your team scrambled around to recognize what went wrong in the reporting cycle; or tried to identify how you achieved stronger sales last quarter. Problems like workflow issue solutions, significant accounting errors, and budget…
When you are running a company or managing accounting, there are some basics you need to be clear about before you indulge in complicated transactions. Transactions can be difficult and, in order to ensure that all is in place, bank reconciliation is necessary. If this prompts questions to pop in your head, further down is…
It is the duty of every company, regardless of size, to accurately track and report the money flowing in and out of its accounts by way of sales, expenses, and payrolls, but many entrepreneurs lack the knowledge and experience necessary to make this happen. Proper bookkeeping management is not only a necessity for complying with…
Top Accounting firms in South Africa for Small Businesses Accounting is one of the essential services of any business, be it small or big. Businesses are often forced to spend a lot on the accounting department. There are various approaches that a business can take when it comes to their accounting needs. It is…
