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Accounting and Tax Guide (Page 16)

Cost Benefit Analysis-Whether You Should Outsource Your Bookkeeping To Professional Book Keeper

What is a role of a bookkeeper in your organisation: BOOKKEEPERS keep complete, up-to-date, and accurate records of accounts and financial arrangements. Bookkeepers verify and enter information into journals and ledgers or into a computer. They periodically balance the books and compile reports and financial statements. Bookkeepers also receive, record, bank and pay out cash. They balance checkbooks with monthly bank statements. They may calculate... ❯❯❯

What Is A Good Bookkeeper Worth?

I am often asked what is a reasonable fee to charge my clients. And on the opposite side of the coin – what should I expect to pay for a bookkeeper? A bookkeeper who is honest, trustworthy, reliable and knowledgeable is worth their weight in gold. You might find a good honest hard working person, but if they don’t have the knowledge and experience that you need then you only have part of the solution you are looking for. For bookkeepers check with your... ❯❯❯

Generally Accepted Accounting Principals - A Primer

Accountants are the keepers of the standards. They are the ones who make sure that when we look at a financial statement, we can be reasonably that it was built using sound accounting practices and that it is comparable to other audited financial statements for other companies. That sounds like a daunting task, but never fear. The accounting professional is in business to help you through all this. The accounting profession is self-regulated. They... ❯❯❯

Do You Hate Bookkeeping?

If you hate bookkeeping, you are not on your own. For most small business owners 'bookkeeping' is a major pain; a real chore. If you have to choose between selling your products and services or keeping your books in order - the books lose every time? But it would be good to : know your cash position and know the bank balance before the statement arrives Have reports and guidance on your profitability? You want to be able to explain where your figures... ❯❯❯

Forensic Accounting - Be a Financial Detective

Forensic accounting is one of the newly identified types of accounting jobs available. A forensic accountant is either an internal or external auditor who is brought in to investigate a case of fraud, bankruptcy or other legal conflict. He or she audits the situation and comes to a conclusion regarding the wrong doings and amount of loss involved. The auditor composes a report, which is often used as evidence in a court case. The forensic accountant may... ❯❯❯

EXCEL Tutorial - How to Construct a Compounding Interest Financial Calculator

You can construct an almost infinite variety of calculators right within your MS EXCEL spreadsheet application. Here is how you can construct your own 10-year compounding interest financial calculator that would help you to see, for example, how much your $100 will grow at x percent of interest a year, on a year by year basis. 1) Launch a clean worksheet in Excel. 2) Reserve the cell A1 for your principal dollar amount. Think of this as your “deposit”... ❯❯❯

Accounting Outsourcing Services Can Increase Your Profit Margin

Accounting outsourcing services plays an important role in the world of finance and accounting. Today there is intense competition in the market and so to survive in the business you need some good strategies. Business owners are under tremendous pressure to cut costs of their finance and accounting department and so to increase the productivity, improving profitability and creating strategic value to it. Today there is enough demand in the market for the... ❯❯❯