As today, 5th of June, we celebrate the World Environment Day it is important to fulfill our responsibility to the environment as well. So lets get some idea about the Environmentally preferable purchasing as a baby step to be more environmental in our businesses. Environmentally preferable purchasing [EPP] or responsible purchasing is a process which … Read more
Every business is vulnerable to fraud. That’s largely because there are so many different kinds of fraud that you don’t think will take place. Globally, organizations lose an estimated 5% of their annual revenues to occupational fraud, according to a survey of Certified Fraud Examiners. It’s an employer’s worst nightmare, an employee is dissatisfied with … Read more
In present, a lot of companies use online software for accounting. These accounting software are very user friendly and effective for small businesses. One of the famous small business accounting software is QuickBooks. You can begin by creating your own company file. A QuickBooks company file contains all the financial records for your business. It’s … Read more
Dubai has one of the most famously dynamic economies in the world. As a rapidly modernizing economy, Dubai is in demand of skilled workers who can quickly produce contract work. Freelancing is becoming more common in the Dubai especially with the younger generation. So if you’d like to settle in and live in Dubai for a … Read more
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 more
2021 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 more
Starting 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 you can … Read more
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 by imposing penalties. However, ethics are different from the law as … Read more
