Archive for 'Bookkeeping'
Here’s How To Make Sure That Your Bookkeeping Service Provider Is Trustworthy
October 26th, 2008. Published under Bookkeeping. No Comments.
When it comes to business, outsourcing is always a tough call to be made. It is never easy to convince yourself or your partners that you are going to entrust a service provider with the internal business operations responsibilities. Especially for accounting, it involves the transfer of confidential information to a third party whom you […]
2009 Budget Effects on Irish Payroll Services
October 23rd, 2008. Published under Bookkeeping. No Comments.
The recently published Irish budget for 2009 will require a number of changes to be kept in mind by Irish payroll companies. The most relevant of these are as follows:
INCOME TAX CHANGES
Personal Tax Package
The main elements, including associated costs, of the personal tax package, which take effect from 1 January 2009, are as follows:
Changes to […]
What Is The Difference Between Cash And Accrual Basis Accounting?
October 22nd, 2008. Published under Bookkeeping. No Comments.
Many years ago when I first began to operate my own small business I learned the hard way what the difference between the two methods of accounting were. And I only learned the difference when I made the decision to hire an outside bookkeeper to handle my accounting functions. In fact I learned the difference […]
Why You Should Outsource Your Book Keeping Needs
October 21st, 2008. Published under Bookkeeping. No Comments.
With today’s technology everything is very much available with a click of your mouse. For those running an online business there is still the financial side that has to be taken care of just as in the traditional business setting. Keeping a record of the financial aspect is a must. This includes all the expenses […]
Looking For The Right Bookkeeping System That Fits Your Online Business
October 21st, 2008. Published under Bookkeeping. No Comments.
Several factors should be considered in choosing a bookkeeping system that can cater to your online business. Having a bookkeeping system can help in a number of ways like quoting off-hand your bank balance.
Also, you can make better decisions in your financial statements involving your online business.
The bookkeeping system can guide you to properly set-up […]
Beyond Taxes: How Your Balance Sheet Statement Can Help You Run Your Business
September 29th, 2008. Published under Bookkeeping. No Comments.
The Profit & Loss Statement describes you how your business is performing at that particular time and the Balance Sheet is the statement that tells you about the long-term health and strength of your business. The balance sheet shows whether you can meet your obligation as they come due, how much you are indebted to […]
Beyond Taxes: How Your Cash Flow Statement Can Help You Run Your Business
September 28th, 2008. Published under Bookkeeping. No Comments.
The Cash Flow Statement is made up of three sections. The first section is operating activities. Operating activities include your companies profit or loss and non-cash items that affect your profit without affecting cash. Examples of these types of non-cash expenses are depreciation and bad-debt expense. Also included in this section are changes to your […]