Below you'll find a list of all posts that have been tagged as “sme accounting”
QuickBooks is the software of choice when it comes to accounting for small-to-medium sized businesses. It has been carefully thought out with features for all the accounting requirements of small-to-medium businesses. In addition to looking after the complex accounting tasks, it also keeps a record of daily, weekly and monthly transactions. QuickBooks is easy to use, even for someone who …
Bookkeeping is crucial to the success of your business. Clear financial records allow for better financial management of your company. Without proper management, you might not have a clear idea of how to minimize expenses for a lower cost of running your business, and your company could even go bankrupt. Here are 5 basic bookkeeping tips for owners of small …
Certain principles are the basis for the preparation of financial statements. They form the framework that allows analysis and comparison of the information in financial statements. Without this common framework, it would be extremely tough for investors, lenders or anyone else to analyze or even trust the information presented in financial statements. Without them financial information can be distorted. Keep …
We have talked about the common mistakes people made with their business accounting – like the usual traps small and medium businesses fell into with their book-keeping when they were sloppy and unmethodical, the 5 book-keeping bungles of substantial consequence owners make with the book-keeping itself……. Here we talk about accounting issues they are faced with, not through any particular …
In an earlier blog we talked about the usual traps small and medium businesses fell into with their book-keeping when they were sloppy and unmethodical. In this blog, we talk about typical mistakes owners make with the book-keeping itself. Not tracking reimbursable expenses With small enterprises, personal and business expenses have a high tendency of flowing one into the other. …
Lease Abstraction: A summary of the key financial, business and legal information that exists in a commercial real estate lease. It should bring to the reader’s attention any unusual lease provisions, financial obligations or other issues of import. The complexity of commercial property transactions has augmented the complexity of leases. However, the purpose of the lease abstraction remains – …
We talk a lot about choosing cloud accounting over the traditional system, a centralised accounting process, SMB accounting in the clouds, and so on. And all these are important things to look into. But there is a bigger picture to consider as well when choosing cloud accounting solutions, and that is business trends. Each of these trends is important …
With small and medium businesses (SMBs) a lot rides on your money. It’s crucial to find the right accountant so you don’t have to spend each day tearing your hair out and pass each night re-checking work they have done. If you want a smooth chugging engine, the accountant has to fit. So the task of finding this right-fit-assistant boils …
Setting up the payroll in QuickBooks has been made quite simple. Moreover, the complexities aren’t felt because they are hidden by the excellent user interface that requires only the most relevant details (intuited and pre-configured based on the experience gotten by setting-up over 500 companies). The three gross steps required to achieve this are by configuring the company payroll rules, …
It’s not uncommon to lapse with New Year resolutions, or prioritise other tasks over them. However, instead of feeling depressed about it at the end of the year, you can catch yourself right this spring and make changes to get your business back on track. The morning ritual sets the pace of the day and the year. Wake up and …
