What is Bookkeeping Why is it Important for Your Business

What is Bookkeeping? Why is it Important for Your Business?

If you own a business, you know the importance of bookkeeping in your day-to-day operations. But what is bookkeeping, and why is it so important? In this blog article, we’ll address those questions and more. We’ll also discuss the benefits of bookkeeping for businesses. So keep reading to learn more about this critical business function! What is …

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Top 11 Reasons Why Accounting is Important for Your Business

Every accountant maintains their organization’s records to run everything smoothly, so knowing the importance of accounting is necessary for all small and large businesses.  However, many people believe that accounting is merely a number game played to win. We have opposing viewpoints. It’s a strategy and decision-making game based on numbers and the core trends they reveal. …

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Double Entry Bookkeeping

What Is Double Entry Bookkeeping & How Is It Different From Single Entry Bookkeeping?

Money has no permanent address. It keeps moving! It’s you who is accountable for documenting somewhere, where it comes from and where it is going to take big, small decisions in life. Bookkeeping is the name of the game or can we say habit! Accounting and bookkeeping are methods of measuring, documenting, and presenting financial information for …

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What is Accounts Payable Outsourcing

What is Accounts Payable Outsourcing? What are the Pros and Cons of Outsourcing Accounts Payable?

Every business walks on the road of growth. Eventually, what makes their company grow is their ability to keep a balance of work, follow the process, and deliver top-notch work. However, compiling everything and large amounts of work may be difficult and cause problems. Especially when you are handling critical work like accounting. Hence, to …

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liquidation in business

What Business Owners should know when they are being Liquidated?

There are several forms of liquidation in business. It could be an involuntary, forced, or consensual liquidation. In business law, finance, and economics, the term ‘liquidation’ is frequently used to refer to the process of winding up a firm. It takes place when a business is unable to pay its creditors for its obligations. The …

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