Ratio Analysis Techniques for Improving Your Small Business

Ratio analysis enables you to spot trends and measure business performance by providing crucial information that allows you to identify and fix problems before your business is consumed by them. Though ratio analysis can be complex in nature. There are some basic ratios that you as a small business owner can compute to determine liquidity…

Getting Rid of Tax Receipts While Travelling

I recently did a technical presentation in Bangkok to a group of family business people. And while the material, and discussions afterwards, were enlightening, I was eager to see some of this great city. A group of us went to the Skybar. It was incredible. The view was amazing. The people (except me of course)…

E-Invoicing: To Mandate or Not to Mandate

To maximize ROI on your e-invoicing investment, ideally, you want as many suppliers as possible onboarding to your e-invoicing platform and sending invoices electronically. However, as we’ve seen over the years and explore in further detail at the “sharepace” hub, there are a number of factors that will influence the success of your e-invoicing onboarding…

Acknowledgement Of Payment Receipt

An acknowledgement of payment receipt is a business document of verification that serves as a formal acceptance of the payment that is usually made by the customer, tenant of client. Generally it is a documented verification that goods have been received or services that have been provided. The acknowledgement is determined by the recipient’s signature…

8 Steps to Becoming an Accredited Bookkeeper

Every business requires a bookkeeper. For small businesses, proprietors themselves act as bookkeepers. But, for large businesses, you need a more skilled, especially dedicated bookkeeper. If you run a company or mid-range industry, you will have to employ a staff of bookkeepers. Who are the bookkeepers? What do they do? And, how can you be…

What Are Fixed Assets?

In case the asset isn’t predicted to last longer than 1 year, it’s not a fixed asset. These resources are anticipated to be used for over 1 accounting period. A future economic resources, in regard to financial accountancy usually means any object, factor or feature of the person, business organization or company, with a financial…

Why Your Business Needs Steady CashFlow

The ability to make critical purchases from your vendors, pay down loans, and meet employee payroll has become a common problem among businesses across all industries. Cash flow has always been a major issue with all businesses and without positive cash in your bank your business could fail. By the time a business realizes their…

Accounting Defined

Watching an awards show of any kind, there will be a time when they introduce the accountants for the evening. Wait. What? Why are accountants anywhere near the major awards shows? Well, they are the ones responsible for tabulating the votes and figuring out who won. Sometimes it works out and sometimes… well, sometimes the…

Simple Accounting Terms

There are literally thousands of accounting terms, and if you are an accountant, of course you are familiar with them all. For the rest of us, there are certain things that we should be at least a little familiar with, after all, if we handle the household budget on a monthly basis we are actually…

What Impact Has GST Brought About On The Realty Sector?

GST has eliminated all the other taxes and the developer’s profit margins can also be improved thanks to the benefit of being able to claim input tax credit. Developers will also find the GST regime quite simpler to work with, with the benefit of input tax credit being an added advantage. Purchasing property is one…

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