There are different types of business activities that an entrepreneur can undertake. Each of the business activities undertaken by the business include monetary transactions. The entrepreneur would therefore always aim to earn more than the expenses incurred to run any…
Internal auditors will be able to conduct audits over specialised areas which are routinely audited. During walkthroughs of internal controls and testing account balances, auditors understand how the business works and can easily identify the critical points of internal controls….
Fraud is a sensitive aspect that should be taken seriously, especially in the financial sector. That’s why accountants should know how to detect if records have been manipulated or faked. Outsourcing can go a long way for your company to…
Overall, Evernote Scannable is a convenient tool for digitizing and organizing paper documents. Shoeboxed is ideal for entrepreneurs and small business owners who need a simple way to manage their receipts, however they want. Businesses already using QuickBooks Online for…
There are many ways to format assets on the statement of financial position; however, the most common way is to divide assets into two constituent categories, which are current and non-current. Liabilities are debt obligations that the company owes other…
Managing your eCommerce books becomes easier once you and your bookkeeper have the right tech stack in place and stick to a solid process. The easiest way to think about this is that the accountant is like the chef and…
I might talk to another person, and the takeaway from that is they should go ROBS C corp, completely self-funded. I’m not a big fan most of the time of going ROBS C corp and SB at the same time,…
