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Bookkeeping

Understanding your Balance Sheet

Also known as “statement of financial position,” the Balance Sheet is one financial statement within a company. During this pandemic crisis we have seen a lot of companies suffering the consequences of not having enough cash to support their businesses; therefore having a robust balance sheet will lead you to understand what your company’s assets are, your liabilities and your equity.

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Bookkeeping

The importance of bookkeeping on every business

What is bookkeeping? This is the process of recording your business firm transactions in a systematic and orderly manner, which is also the first basic step of accounting. Every business owner needs to embrace the bookkeeping process if they are serious about their businesses.

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Finance

How a forecast can boost your company’s performance

We’ve all heard this familiar term in the business world: “forecast.” Sometimes it takes another persona as “projection” but it’s all the same. What doesn’t surprise us is the term itself, but what does surprise us is the importance of forecasts.

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