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Accounting is often regarded as a necessary evil by entrepreneurs. With proper preparation and planning we can identify errors early on in projects and avoid rectifying costly mistakes. You should always be on the look out for ways you can improve, and in some cases automate business processes in order to save time and energy, and limit potential mistakes. Here’s what to avoid..
A trial balance is the first step towards preparing financial statements. The primary use of this report is for adjusting entries. What’s the real use of a trial balance ? How to format a trial balance report ? How to prepare and adjust a trial balance ? We answer all of your questions and provide examples.
What exactly is a general ledger and what is it used for ? In this article we explain how to complete a general ledger and how best to use it. Keep reading to learn more about the general ledger and how you can use it in your small business.
Whether your business is just starting out or you’re already well-established, it’s vital to find good working tools in order to be as efficient as you can. There are dozens of options that exist to choose from, it can get confusing ! Specialized management software enables the self-employed and SMEs to save time and optimize their business management. Discover all the advantages of management software as well as their various features in this article.
Overwhelmed by all the paperwork? We’ve summarized exactly what paperwork you need to submit as a micro-entrepreneur, and some pearls of wisdom for you to keep in mind.
Keeping your accounts in order as a micro-entrepreneur isn’t as complicated as people make out. Simply follow the commandments laid out in this article to keep on top of these requirements.
Leading a team isn’t always easy. Seeing a project through can quickly become complicated if something has been missed off the schedule. Having a clear vision from the get-go forms the basis of good project management, but of course there are other elements involved, starting with you! So what’s the secret to seamless project management? Our top tips for effective project management.
Self-employed, freelancer, consultant, entrepreneur or running a small business ? Unsure how to do your invoicing online ? Stay right there, Kiwili has the answers for doing your invoices online simply and free of charge as well as all the essentials you’ll need to include.
This article will explore the three main financial statements: the balance sheet, the income statement, and the cash flow statement. These three documents complement each other to provide a comprehensive picture of a business, and its (hopefully!) solid financial footing. It is essential to understand these terms well to ensure good management of your company, and be able to use your accounting software efficiently.