The accounting cycle is used to analyze and summarize business transactions and events, and it helps businesses of all sizes ensure that their financial records are accurate, up-to-date, and in accordance with accepted accounting principles. So, what does the accounting cycle involve? Lets break it down on a step by step basis… 1) Analyze Analyzing [...]
Continue reading...Saturday, December 19, 2009
Are you especially interested in learning how to provide financial organization for companies? Have you just opened your own business, and need to know more about how to make sure that you are bringing in a profit and paying off your debts? If you want to pursue a profession that will allow you to work [...]
Continue reading...Saturday, December 19, 2009
If you need help organizing your finances, or if you want to pursue a profession that will help you to compose budgets for others, you may want to think about hiring or becoming a CPA. These professionals play an important role in helping to make sure that you know how much you owe to a [...]
Continue reading...Saturday, November 14, 2009
With finance departments and CEOs or CFOs being held personally accountable under the ever-stringent requirements of Sarbanes-Oxley (Sarbox) in particular, the need for an asset tracking system has never been greater for US companies or overseas operations that are subsidiaries of a US listed company.Sarbox penalties can be severe for non-compliance, false declarations and other [...]
Continue reading...Thursday, November 5, 2009
Where did Accounting Come From? Most companies use top level financial metrics to track and report their performance against the business plan. The most successful ones go further by using Key Process Indicators, KPI in support of the financial metrics to communicate what is important in the business plan and to provide trend data to minimize [...]
Continue reading...Friday, October 16, 2009
Your invoicing software is an important component of your accounting system.Fundamentally, choosing it with care is of utmost importance, too. Besides, it will definitely help in keeping your company in the black because you can bill clients at the right time, hence, improving your cash flow. And did we mention that the right invoicing and [...]
Continue reading...Thursday, October 8, 2009
Benjamin Franklin wrote a letter to a certain M. Leroy. In that small missive, a famous quote was derived and has survived to this day: “In this world nothing is certain but death and taxes.Once a person turns 18 years old and starts working, that person also starts paying taxes. With the economic slowdown, and [...]
Continue reading...Wednesday, July 29, 2009
Coping with rising insurance premiums has become an increasingly serious issue for business both in the US and worldwide. The situation has become even more emphasised as a result of the recession gathering momentum over the past year. Yet often overlooked is the fact that according to recent findings, as much as 70% of businesses [...]
Continue reading...Thursday, July 2, 2009
Checks are sometimes referred to as extensions of our business and personal finances. It acts like a mirror where a check significantly projects an image of your personality or business. They play an important role in managing your personal finances well and productively. It is therefore important to come [...]
Continue reading...Thursday, June 18, 2009
As corporate purse strings get increasingly tightened in this period of downturn, the need for organisations to perform IT asset management is becoming more of a priority.It is the IT manager whose role is to manage this process of auditing and tracking IT assets. Following up a number of contacts in IT departments of various [...]
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Thursday, December 31, 2009
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