Archive for 'Accounting'
Your Home Business Budget Foundation
April 7th, 2008. Published under Budgeting. No Comments.
Why a Budget is Important. Let it be your guide from beginning to end.
Starting your own home business is a very tricky proposition. Starting your own enterprise is exciting, but it is also inherently full of risk. Enter discipline. Unless you get yourself going on the right foot, then the chances of achieving success […]
Are You Properly Tracking Your Company’s Stock?
April 6th, 2008. Published under Accounting. No Comments.
The Capitalization Table provides investors with a bird’s eye view of the sum total of all the different securities issued by a company. It includes the amount of investment that the company has procured from investors and the distribution of securities which might include common/preferred shares, options, warranties etc. and the individual capitalization ratios.
The […]
Computerized Bookkeeping Is Fast, Simple, and Flexible
April 6th, 2008. Published under Bookkeeping. No Comments.
Every business needs to keep good records to ensure bills are paid, obligations are met and checkbook balances match up. Whether it’s a home-based business, a Fortune 500 company or even the business of running a household, well-kept books can really help guide a “business” in the right direction when it comes to keeping finances […]
Michael Jackson’s Fiscal Disaster
April 6th, 2008. Published under Bookkeeping. No Comments.
When you live in Never Never Land, aren’t things supposed to be fun? According to Michael Jackson’s latest financial woes the answer is no. Earning large amounts of money since he was five, how can Michael Jackson have a fiscal fiasco?
It boils down to spending versus watching the bottom line. Although Jackson’s […]
Understanding Account Reconciliation
April 6th, 2008. Published under Bookkeeping. No Comments.
When you confirm that the balance in your checkbook is in sync with your corresponding bank statement, it is known as account reconciliation.
Any record that you keep regarding your financial transactions with banks, credit card companies, or retail stores is known as an account. It is an arrangement between buyers and sellers in which […]
Understanding Bank Reconciliation
April 6th, 2008. Published under Bookkeeping. No Comments.
Bookkeeping is fundamental in running your business in an informed way. It is important that you have an organized, transparent and updated bookkeeping system in place. One of the ways to keep track of your company’s books is bank reconciliation.
What is bank reconciliation?
The procedure of comparing the account balance given by the bank with that […]