Friday, January 24, 2025
A corporate bank account enables businesses to build a financial track record, which can be crucial for obtaining loans, credit facilities, or attracting potential investors. Moreover, having a bank account provides access to various banking services such as business loans, trade financing, foreign exchange, and cash management solutions, enabling businesses […]
ASC 718 expense reporting is an important aspect of financial reporting for public companies that issue equity-based compensation. Investors and analysts must have timely access to accurate information on the fair value of stock-based compensation to make informed decisions about the state of a company’s finances. Companies must adhere to […]
Financial analysis is the process of evaluating a company’s financial performance and health. It involves the examination of financial statements, such as the balance sheet, income statement, and cash flow statement, to determine the company’s liquidity, solvency, and profitability. By analyzing these statements, an investor or financial analyst can gain […]
Every day, each one of us makes use of Accounting Principles and this is true irrespective of the profession of the person. We pay for some services e.g. buying vegetables, paying electricity bills, etc. and in return, we get the services for which we have paid the money. Knowingly or […]
A trustee occupies a position of trust, confidence and responsibility, and when an individual agrees to take on the role of a trustee of a trust, they are taking on specific financial duties to the beneficiaries of that trust. It’s imperative to fully grasp what these duties entail so as […]
What is GST? GST stands as goods and service tax. It is the biggest tax reforms in the country and greatly improving easy of doing business and increasing the taxpayers base simply by bringing in millions of small businesses in the country. Businesses without GST registration would not be permitted to […]
The time in which we live can easily be called the “Age of Technology”. There is now unlimited internet access everywhere. Using modern tools such as a phone, tablet or computer, we can quickly and easily pay our bills, place orders online and many other activities. Facilitating our daily lives […]
Every business needs to keep detailed financial records that are easy to understand. Whether you are just starting out and need more advice throughout the process, or you have an established company that requires daily monitoring, there is an accountant out there that can provide you with the services you […]
Anti-Money Laundering or AML is the process that makes sure that the legal requirements for financial and other regulated institutions either impede or report money laundering activities. Money laundering takes place in every corner of the world. It is the illegal concealment of black money through foreign banks or legitimate […]
Computers and technology have transformed the accountancy sector. Digital accounting – carrying out financial management and reporting in an electronic format – is the new norm. Advancements in technology mean accountants can report on and interpret data much faster and more efficiently. This has changed the face of accountancy, allowing […]
When you’re an entrepreneur, you are used to wearing multiple hats. What brings you here is conceivably the dilemma- if you should manage your bookkeeping yourself or hire a professional bookkeeper? Bookkeeping isn’t the same as accounting, as it may seem to an amateur. It is a very essential part […]
Any organization that holds inventory or stock is bound to face some inventory management challenges. The international trading landscape is continually changing and is more uncertain than ever. Problems like fluctuating demands, quality control, and human errors are common in inventory control, and the same must be managed so that […]