What are Accounts Payable?

Everyone loves money, but if you really like to keep track of your money, pay bills and balance your checkbook, then an Accounts Payable will help to achieve this. Accounts Payable DefinitionWhat are accounts payable? According to the accou... Read more

Accounts payable process in bookkeeping

Managing accounts payable is one of the main tasks of modern business. The effectiveness of such management depends not only on the success of the company but also its existence in general. In this article, we will review the basic rules of debt mana... Read more

What is a Petty Cash and How to Handle It?

When we speak about petty cash, we mean a small amount of money that is used in order to cover some expenses that are most expected. In different offices and organizations, petty cash may have a different numeric value. It depends mostly on the size... Read more

What is cash flow in simple words?

Cash flow is one of the most important economic terms today that is used for financial analysis of any company, regardless of its size. Although it appeared not so long ago, nowadays all companies analyze and plan it. Today I will try to tell in simp... Read more

15 Tips On How To Choose The Right Bookkeeper

It is not easy to run a successful business without an expert who takes care of your financials and keeps your books in perfect order. However, the payoff is worth all your efforts. This guidance can help you choose the right bookkeeper, the one... Read more

Basic rules of tax planning

Every accountant must know, “What is tax planning?”. The essence of tax planning is the recognition by fiscal and other regulatory authorities of the taxpayer's right to apply all means, methods, and techniques permitted by the current legislation to... Read more

Bookkeeping Check List: How to Make It Work

You need to create a single structure of the bookkeeping checklist, which will combine all the necessary information for all accountants, and get rid of unnecessary information on customers by transferring to CRM or delete it. Then both the accountan... Read more

What is bookkeeping, and how does it work?

Every entrepreneur must know what is bookkeeping. Bookkeeping is an orderly system of collecting, recording, and summarizing information in monetary terms about the property, liabilities of the organization, and their movement and documentary of all... Read more