Thursday, May 16, 2024
With the world economies slowing down and markets becoming increasingly volatile, business spheres have become fiercely competitive. This scenario has made it imperative for the enterprises to focus intently on their core competencies and augment their deliverables, efficiently. Deviation from core activities often results into losing out lucrative opportunities. Apparently […]
Construction businesses require a different approach to financial management than other companies. Due to the high-value contracts and long-term nature of many projects, accurate accounting is essential for these firms. For example, construction companies must track contract retainers, billing and invoicing cycles, and completion percentages based on their specific contracts. […]
As a small business, a management team may be fully supportive of operating in a nimble fashion and taking advantage of online resources. However, there is still a lot of risk involved with choosing the right service to rely on. For example, choosing a provider to handle bookkeeping means literally […]
As a business owner, one of your main goals is to increase revenue. And what’s a better way to do that than by focusing on increasing bookings for your hotel? In this blog post, we will discuss seven tactics that you can use to achieve just that! Implementing even a […]
Whether you are running a large or small company, it is imperative that you practice good bookkeeping policies. Otherwise, you never know if you are making more money than you are spending. You will never know what customers owe money or how much money they owe. This is not to […]
According to a 2016 study by the University of Phoenix, approximately two thirds of all US adults who use popular social media platforms are aware their accounts have been hacked at least once. With 76% of online adults using social media according to statistics by the Pew Research Center, that […]
A small business entrepreneur often tends to keep bookkeeping and account management in-house. Most of them, experience a strong dilemma, to consider outsourcing something as sensitive as accounts management. However, quite unfortunately, several businesses keep cost as one of the important aspects while taking a decision, and completely overlooking its […]
Nothing good lasts forever, though, does it? When Facebook became a public company on the stock market in 2012, they started doing anything they could do to increase their ads revenue. So what did they do? They decreased engagement. What better way to get people to pay for more ads […]
Keeping a meticulous account of your financial dealings is imperative for the self-employed and will also help you avoid penalties from the government or HMRC. This applies for sole traders as well as individuals in a business partnership. Maintaining records of your personal income is also expected. What Records to […]
When it comes to bookkeeping, you might have seen a number of small and medium sized enterprises prefer doing them on their own. They are often found to be under the notion that hiring a professional bookkeeper, either directly or online, can be quite expensive and thus investing on them […]
Managing the accounts is one of the most important tasks when you are running a business. It is directly related to the profit that you garner from all business operations. Hence, it is extremely important to ensure that the bookkeeping operations in your company are up to the mark. For […]
By now we all know the importance of a social media presence, but many people fail to make the most of this presence. Every time a social media account is created, there is a good chance that it will fall flat, fail to generate engagement, and just be left running […]