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ACCOUNTING TIPS AND TOOLS

Explaining Bank Reconciliation : How To Carry It Out Quickly and Effectively

Explaining Bank Reconciliation : How To Carry It Out Quickly and Effectively

Bank reconciliation: at first glance, it sounds complicated, but don’t let the name put you off!  This essential process is simply used to ensure that the company’s account books are in line with the business bank statements. In other words, ensuring that the bank account’s debit balance equals its credit balance. Today, we’ll look at why you should carry out bank reconciliation, whether you’re self-employed or a small business, and how to go about the bank reconciliation process. 

The Income Statement : Definition and Examples

The Income Statement : Definition and Examples

What Is An Income Statement? An income statement is an accounting summary document containing information related to analyzing the financial performance of a company. The income statement (also known as a balance sheet, a profit and loss statement, or a statement of...

Bookkeeping and Accounting for Small Businesses and the Self-Employed

Bookkeeping and Accounting for Small Businesses and the Self-Employed

Self-employed or running a small business? You’ve probably found yourself pondering the world of accounts –  and what exactly does bookkeeping consist of? Is it something we can do easily enough by ourselves, or is it best handled by an accountant? In this post, we’re going to run through the basic principles of bookkeeping, and explain why it is so useful. Allow us to suggest some tools for getting it done independently and with ease.

Business Accounting 101 and How to Do It by Yourself

Business Accounting 101 and How to Do It by Yourself

Accounting can seem complicated and it's often difficult to navigate. We have created a short guide for you so that you can better understand what business accounting is all about and how to do it for yourself!   Why every self-employed, small businesses and SMEs...

7 Steps to Get Started with Your Business Accounting

7 Steps to Get Started with Your Business Accounting

Have you found the right business idea, built your business plan and completed all the paperwork for starting a new business? Congratulations, you are about to launch your entrepreneurial project! Before launching, you will have to think about your business...

6 Tips for Managing Your Business Accounting Successfully

6 Tips for Managing Your Business Accounting Successfully

As an entrepreneur, you must be structured and not overlook anything. You must have an action plan to be able to reach your future goals. You also need to know how to reach your customers through effective marketing. Finally, it is important to be on top of your...