Many companies want to benefit from a flexible organization to continuously improve the performance of their accounting processes. They, therefore, decide to outsource their accounting to an external service provider. In the service contract, information about the client company, such as its name, legal form, sector of activity and many others, must be mentioned. Although…
For business owners and key management staff, an audit is often seen as a necessary evil, a box to be ticked in order to satisfy compliance. In fact, an independent audit can add real value to your company. It can help you spot weaknesses in your infrastructure, expose fraudulent behaviour, and refine your accounting processes.…
When you start your own business, accounting can seem inaccessible, especially if you are allergic to numbers. However, doing your own accounting not only offers many competitive advantages but has also become very accessible thanks to today’s tools, even if you have never done accounting in your life. Doing your own accounting does not necessarily…
The finances of your business are certainly a major concern. As your business grows, there is always a balance to be struck between the services you provide and the money that comes from them, and everything else that goes with them. To ensure the business’s long-term success, it is very important to keep an orderly…
Bookkeeping is one of the most important operations carried out within a business establishment. It consists in recording all the accounting documents of a company according to the standard of the accounting plan. Bookkeeping is something that every successful business has to do to stay afloat. If this operation is done in a traditional way…
The term bookkeeping is pretty foreign to most of us, except if you have a degree in finance and/or accounting. For most of us, this term is synonymous with movie villains and back-alley deals. The schooling system in America doesn’t prepare us for the real world but rather feed us information that we regurgitate for…