Tag: accounting tips

Accounting Outsourcing: The Nitty-Gritty that you need to know

Are you dreading about clearing the accounting and bookkeeping work which has piled up in your desk in view of the approaching tax season? Simply opt for accounting outsourcing to deal with the issue with ease and perfection. This is the simplest way for…

Accounting Methods – Cash and Accrual

When starting a business, you have to determine the method you are going to use for accounting and paying taxes. The two choices are the cash method and the accrual method. Cash Method If you are looking for simplicity, the cash method is probably…

Making a Profit

Accountants are responsible for preparing three primary types of financial statements for a business. The income statement reports the profit-making activities of the business and the bottom-line profit or loss for a specified period. The balance sheets reports the financial position of the business…

Year End Prep Essentials

This video is about everything to do with Year End Prep! Either you run a Sole Proprietorship or you run an Incorporated Business. – these core principles can work with both! Make sure to get prepared. Get the Skinny on the facts! Here’s the…