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Posted on July 1, 2022 at 7:31am 0 Comments 0 Likes
Most small business don’t have enough time to dedicate themselves in maintaining proper records which results in poor bookkeeping. The tedious and mundane task of bookkeeping can often take up hours and hours of time. This is the primary reason that well over one-half of all small business owners do not keep their finances up to date on a monthly basis. Bookkeeping,…
Posted on June 30, 2022 at 6:39am 0 Comments 0 Likes
Financial reporting is a standard accounting practice that uses financial statements to disclose a company’s financial information and performance over a particular period, usually on an annual or quarterly basis. A financial report is critical for understanding how much money you have, where the money is coming from, and where your money needs to go. Financial reporting is important for management to make informed business decisions based on facts of the company’s financial health.…
ContinuePosted on June 30, 2022 at 5:10am 0 Comments 0 Likes
Accounts payable outsourcing services(AP) are amounts due to vendors or suppliers for goods or services received that have not yet been paid for. The sum of all outstanding amounts owed to vendors is shown as the accounts payable balance on the company’s balance sheet. The increase or decrease in total AP from the prior period appears on the cash flow statement. For more details you can…
ContinuePosted on June 30, 2022 at 5:02am 0 Comments 0 Likes
Businesses must sign numerous checks, get receipts from clients, and deposit cash regularly. With this, it is common to see most of these financial transactions going unchecked. If nothing is done or if data isn’t recorded correctly, a business may fumble. It is important to avert such issues before setting them in motion. Nonetheless, it is still challenging to keep at bay cash-flow and finance related matters as it may seem to be. For more details you can write to [email protected] or call…
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