Why Businesses Must Subscribe To The Services Of Accountants

Today, most business owners want the DIY approach when it comes to running their business operations. To prove such, most businesses preserve their cash pool on their own, not hiring the services of an experienced professional since they strongly believe that their small-scale operations don’t need those. But if you are a smart business owner… Continue reading Why Businesses Must Subscribe To The Services Of Accountants

Top 4 Services Performed by Chartered Accountants

1. Auditing It involves the examination of financial statements and generally forms an important part of the work of a practicing CA. All limited companies must have their financial statements audited by an outside CA. The major duties of a company’s auditor are examining and verifying the company’s financial statements; appraising the company’s procedure for… Continue reading Top 4 Services Performed by Chartered Accountants

Calculating A Firm’s Liquidity – Part 1

Current Ratio and Quick (Acid-Test) Ratio A firm’s liquidity measures its short-term position and its ability to convert short-term assets to cash to pay its short-term obligations. The most effective method for determining a firm’s liquidity is the use of liquidity ratios. Investors and analysts primarily use two ratios to measure liquidity: the current ratio… Continue reading Calculating A Firm’s Liquidity – Part 1

How The Cloud Can Help You If Your Business Is Running Out Of Budget?

Efficient management of business is a key to success, but sometimes, even though having an excellent management practice at place, a business falls short to get the presumed growth and start running out of cash. The possible reasons for the business slowdown are: technological shift, economic recession, market changes, and social instability, among others. Whatever… Continue reading How The Cloud Can Help You If Your Business Is Running Out Of Budget?

GAAP and IFRS: One World Under One Set of Accounting Principles

Globalization, the process of international integration, has taken over today’s business world. More and more, we are seeing companies expand overseas for a variety of different reasons, making it difficult for U.S. accountants to keep up, and continue to follow the correct accounting guidelines. In the business world today being bilingual in the accounting language… Continue reading GAAP and IFRS: One World Under One Set of Accounting Principles

E-Invoicing: To Mandate or Not to Mandate

To maximize ROI on your e-invoicing investment, ideally, you want as many suppliers as possible onboarding to your e-invoicing platform and sending invoices electronically. However, as we’ve seen over the years and explore in further detail at the “sharepace” hub, there are a number of factors that will influence the success of your e-invoicing onboarding… Continue reading E-Invoicing: To Mandate or Not to Mandate

Why QuickBooks Enterprise Is Unique In Comparison To Any Other QB Version

QuickBooks (developed and marked by Intuit) is the most used and rated accounting software package in today’s market for small and mid-sized businesses. With the growing demand, QuickBooks is the top-rated accounting software for small and mid-sized businesses. Whether you are new to QuickBooks or already using it, you should know about QB Enterprise version.… Continue reading Why QuickBooks Enterprise Is Unique In Comparison To Any Other QB Version