Regardless of the size of a business, processing the payroll of employees is said to be one of the most difficult and taxing tasks. The payroll includes various tasks such as determining the wages, the different health and government benefit contributions, withholding taxes, reduction of absences from the wage, etc. Because […]
Accounting
Invoicing Your Customers for Better Cashflow
If you are a business engaged in supplying customers and sending out invoices to be paid at a certain date, then you are undoubtedly aware of how important it is to send out your invoices on time. But making sure your invoices are sent according to a specific schedule is […]
How to Create a Proper Invoice
The Bill is almost the most important document of our turnover. It is the key point of our economic activity, to justify expenditures and revenues you’ve had during the quarter and at year end. You must take into account that it is also called as “lifetime tickets” amendment Bill. But […]
Advantages of Hiring an Experienced and Committed Bookkeeper
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 […]
Basic Information on Making Overseas Money Transfers
Foreign exchange brokerage firms offer competitive and little or no fees for overseas money transfers. This provides you with a great advantage especially if you are transferring £5000 or more. These companies specialize in currency transactions, so you can use foreign exchange brokers to send money overseas. While most of […]
On-Premise vs. True Cloud Accounting Software
As more and more organizations look to "the cloud" for increased accessibility to their data and as an alternative to the capital expense of software and servers, many are considering migrating from their current accounting software. Below are three on-premise accounting software costs that you need to be aware of […]
Questions to Ask While Recruiting a Bookkeeper for Your Business
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 […]
Two Most Common High Risk Merchant Accounts
When running a business, you need a company that is able to accept all of your payments and give you the best ability to succeed, regardless of what sort of material you sell or services you provide. While this is important, if you are considered a high risk account, you […]
Usage and Benefits of Electronic Invoicing
A paperless office has long been the dream of innovative, forward thinking credit professionals. While it is not yet a reality, certain innovations are bringing this dream closer. Imaging and workflow technology were the first giant steps forward. Lately, there has been another innovation that could bring a paperless office […]
Which Accountancy Qualification is Best for You?
If you wish to study accountancy, you may be finding it difficult to choose between the different accountancy qualifications. In the UK and Ireland, you can choose between 6 main qualifications, the ACCA, CIMA, CIPFA, ICAI, ACA or ICAS. In truth, no one qualification is "better" than the other. A […]
Things to Consider when Outsourcing Your Accountancy Needs
Are you struggling to manage your small business accounts? Do you panic when it comes to submitting your tax returns? Here are some fundamental tips to help small businesses that have decided to outsource their accountancy requirements. Read on to find out how to do it to get the best […]
Importance of Restaurant Accounting and Point of Sale Software
Why is restaurant accounting necessary for your food service business? Restaurants typically run about a five to ten percent profit margin, which is not much considering the work involved. Tracking or managing your cash flow is one of the most important tasks you must perform when running a successful restaurant. […]
