Category Archive for: Accounting

Accounting Tool Can Save Your Small Business Hours of Work Easily

In business or an organization, time is money and anything that is taking you away from developing your business is requiring you! Cashflow Manager small business accounting system softwares saves your precious time by being easy to use. You can get started managing your business transactions or financial records straight away and you won’t have…

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Why Do Businesses Need to Do Accounting?

Businesses spend an enormous amount of both time and money in recording their financial activities. Yet, are these careful efforts finally worth it? Let’s search for what work accounting has to play in businesses. Accounting is extremely essential for recording financial transactions in a business. Without accounting, you cannot show the financial status of your…

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How Business Can Do Accounting?

Your business can either do your accounting work in-house or hire an outside professional to help with the procedure. Many companies use a combination of these two approaches, having internal staff complete some tasks like fundamental bookkeeping, and then contracting with an outside accountant to finish yearly taxes. In-house accounting provides the advantages of having…

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Posted on August 4, 2015 in Accounting

Can We Live Without Excel?

The business world is an interesting place. The methodology, language, meetings, and even the people are so different from what I’m used to and I never thought I’d be a part of any of it. Obviously it would make sense then that when I was thrown into the land of startups, customer relationship management, and…

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Posted on July 28, 2015 in Accounting

Accounting And Accountancy: Definition, functions, and limitations

Accounting is a profession that involves the assumptions, principles, ideas, and regulations guiding the art of evaluating and classifying financial businesses. On the other hand, accountancy is simply the application and science of accounting. The profession is a broad one that constitutes different branches combined to meet the ever teeming demands of various parties such…

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How Companies Waste Money on User Credential Recovery

With the recent rise in business systems, managing multiple credentials for each system a company uses has become a headache for most users. In addition to this, when users lose their login details, they have to contact a help desk which needs to be regularly staffed and adds to the expenses of a company. This…

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Online Accounting: Why Your Small Business May Want to Switch to It

Every new business, no matter its field and scope, sooner or later discovers that keeping track of finances is one of the most important tasks it requires to succeed or stay afloat. Without efficient bookkeeping, payroll and tracking of expenses, establishing a benchmark for excellence and defining steps to financial success is impossible. Accounting services…

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blowing money away

Posted on October 12, 2014 in Accounting

4 Ways Your Small Business Can Take Advantage of Accounting Software

Let’s face it: tax data given via stapled-together receipts and expenses, or even with a spreadsheet, can lead many to think that some things have fallen through the cracks. Tax returns need to be full of eligible reductions, and the only way you can be fairly certain they will all be there is by using…

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Business Accounting Software’s Transition to the Cloud

Everyone probably knows what accounting software is because it has been around for a while, whether the software has been developed in-house by the company or organization using it, purchased from a third party, or a combination of third party software with local modifications. What hasn’t been around that long is the software’s transition online to…

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free accounting tool

Posted on April 22, 2014 in Accounting

Basic Accounting and Bookkeeping Principles

One of the aspects of running a business that makes most owners blood run cold is bookkeeping and accounting. Unfortunately it is a necessary evil and it must be done right in order for the business to strive. With quality financial information available you can stay in good standing with your bank and the government as…

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