The development of any nation depends on the amount of revenue generated by the government for the provision of infrastructural facilities. Taxation is the key to unlocking the resources required for public investment and infrastructure growth. Taxation and tax management is a stressful activity for everyone, especially for business owners…
Accounting
25 Articles
25
3 Min Read
As a small business, cutting cost on basic business expenses without compromising quality is a great way to increase your margins. Profit margin is a simple mathematical equation that depends on two factors: revenue and expense. For achieving higher margins, you have only two choices, either to increase your revenue…
3 Min Read
If you’re starting or running a business in today’s world, you’re going to need a reliable accounting software sooner or later. Small businesses often start out using Excel in keeping track of finances, but that is not a scalable approach as the business grows. Unfortunately, some of the most popular…
2 Min Read
While so many businesses have switched from paper-based invoicing to the online method of invoicing, there are still many businesses that utilize paper invoices, paper-based billing systems, along with paper-based payment processing. Paper-based invoices are quite expensive, difficult to manage and takes longer to manage than online invoicing. Paper-based invoices…
5 Min Read
Invoicing is probably one of the most challenging bookkeeping tasks that bring stress to small business owners. Chasing after clients and making sure that all bills are paid require multi-tasking and bookkeeping skills. For these regular tasks to be easier, moving to online invoicing is a great decision for most…
2 Min Read
Have you ever found yourself sitting at your desk after a lovely weekend rest or holiday, facing a huge pile of receipts, transaction documents and bank statements that need to be sorted out? Business ownership is a full-time job, even without adding accounting tasks into the mix. Hiring a bookkeeper to…
2 Min Read
How many times have you forgotten to send an invoice? How about having an invoice getting lost? Are you getting overwhelmed with this additional accounting task? The more complex your invoicing processes become, the more there is standing between your latest closed deal and cash in your bank account. Invoicing can…
3 Min Read
For small business owners or managers, finances are among the most important considerations for the success of the business. While the majority of financial considerations are strictly internal, payroll is one vital activity that cannot be neglected or taken unseriously. Payroll is also the biggest single expense for most businesses, so…
2 Min Read
PayPal has become synonymous with online payments and this widely popular platform lets users make monetary transactions, completely doing away with the need for bank transfers and checks. This free payment processing service only requires the presence of a valid PayPal account on both the receiver and the sender’s end….
3 Min Read
Every business, big or small, is always concerned about one thing – managing money. Proper financial management is crucial to the survival of every business venture. It takes more than just a good idea to run a business. Every business needs a financial structure that generates a profit to stay…
4 Min Read
As a small business owner, have you ever look at a financial statement and throw your hands up exclaiming, “What do all these numbers mean?” After all, you’re a small business owner, not an accountant. Hiring an accountant is widely considered best practice for small business owners. But delegating financial…
3 Min Read
Cash is king when it comes to the financial management of a growing business. Managing cash flow effectively requires significant planning on the part of the business owner. Sometimes, what seems like obvious ways to improve cash flow may result in the opposite. Cash is King! The best indicator of…