The pandemic has not been kind to anyone. Many thriving businesses found themselves faced with unprecedented losses due to the Covid-19 situation. Organisations are turning to technology to help them
How to get the most out of your accounting software
As a small business owner, you might also perform the role of an accountant for your company. Navigating the accounting system can be pretty tricky, and sometimes things can be
Simplifying bank reconciliation with accounting software
Do you feel constrained from carrying out your business as you would like because you have to get things done at the bank? If this sounds familiar, then do not
Why Should You Stop Using Excel Spreadsheets for Accounting?
It is common for business owners who are running small- and medium-sized enterprises (SMEs) to use Excel spreadsheets for bookkeeping. The underlying reasons for this phenomenon seem to be: 1)
Trial Balance: How Does It Work?
The term “trial balance” may sound unfamiliar to most people, even to some who work in accounting. In fact, the trial balance is one of the essential elements in bookkeeping.
10 Must-know Bookkeeping Tips for Businesses
Running your small business effectively involves factors beyond taking care of customers’ needs, leading your team, and allocating resources. These aspects are indeed essential for growing your business, but there
What Is the Difference Between Accountants and Bookkeepers?
Accounting and bookkeeping are two financial terms that are usually used interchangeably in the business world. These are two functions that are highly essential for every business organisation. Accounting is
Types of Bookkeeping Systems & Methods
Every business, no matter the size, needs a good bookkeeping system. Bookkeeping is how companies record their day-to-day transactions and prepare financial statements and tax reports Bookkeeping, when done correctly,
Five Tips for a Smooth Year-End Accounting Closing
At the end of the year, many get into a festive mood and take some time off to relax. However, business owners and those who holds an accounting or finance
Effective Bookkeeping Tips for SMEs
Managing a small to medium enterprise is more than just stocking your inventory and generating sales. It also means recording and managing your business’ finance. Good bookkeeping practices allows businesses
