When you have a meeting with your accountant, most of you may have a problem of understanding the accounting language, he/she speaks. They might tell you that your accruals are higher in the last fiscal year. What does he mean by that? If you have the same thought process, fear not, you are not alone...
Read More2021 has started, and we all are excited for the new year. With all the challenges faced in 2020 we are all looking for a quantum leap for 2021. January is almost over so we are left with 11 more months. So, Let’s make the most out of it. To start, look at your financials...
Read MoreBeing a business owner does not necessarily make you understand the accounting. You did not start your business to be an accountant of course. But having understanding about the basic accounting will be an advantage for you to make informative and accurate decisions about your business. In the long run it will help you to...
Read MoreBusiness valuation is the process & procedures used to establish the economic value of a business. There are multiple reasons for the requirement of business valuation. The major reasons for business valuation are: Establish the price of the business in order to sale it due to retirement, health etc. Requirement for funds to expand the...
Read MoreStarting a business is not easy as one has to take care of everything their own from setting up the business to hiring people to attracting customers for their business. Accounting is one of the major factors that must be given priority when starting a business. After all it is the way that...
Read MoreAccounting Ethics is highly important in business let us understand why. What is the difference between ethics and law? Simply law can be identified as structured set of rules and regulations created by particular authority such as government or an entity to govern the actions and behavior of its members and it can be enforced...
Read MoreBenefits of having Registered Auditors: It is essential today to understand the financial numbers of the business. These financial numbers can be obtained by performing audits in a company. An audit helps to find out various loopholes of the company through a thorough inspection of the book of accounts. Registered Auditor A person or group...
Read MoreAccounting is a critical factor for the business. Having the touch of IT can enhance the speed and accuracy of computations and enhance its flexibility to change and safe storage of information. Web hosting off-site or called the cloud, is the latest with accounting applications. Let us know more about what Cloud Accounting is, Cloud...
Read MoreHow to Recover VAT on Business Expenses in UAE: VAT applies to business n the UAE provided that certain conditions are met. All business in the UAE will need to record their financial transaction in order to ensure that their financial records are accurate and up to date. Also, they have required keeping into consideration...
Read MoreAccounting Challenges Faced by Corporates: All Corporates are faced with many challenges due to their peculiar nature. The survival of Corporates depends on effective communication of its accounting language. For this reason, it is important to face and adequately prepare them so that the effort will yield positive results. The following are some of the...
Read More
