It is frustrating to receive late payments and have communication problems between the two parties. Misinformation, ambiguous invoices, and errors can also affect relationships. Without having a seamless process in invoicing, a business will not operate the way it should be. To avoid these issues, a business needs an effective invoicing strategy. Below are…
Category: Auditing Tips
Why Bookkeeping is Important for Business
One of the major mistakes that businesses make is not keeping financial records. Without these important pieces of information, it will be difficult for a business to operate and function properly. It can lead to frustration, cash flow problems, and even business failure. Here are the important reasons why you should not ignore bookkeeping in…
How to Keep Your Business Financial Records Safe
Business financial records keep track of company activities. They are vital documents that can tell the performance of a business. It can provide a company with an insight as to where it is and where it’s heading, in terms of goals. It can also be used to create strategies for future business endeavours. With its…
Difference Between a Bookkeeper and an Accountant
For many business owners, especially start-up, small and medium sized businesses; it can be confusing as to whether they need an accountant or a bookkeeper. To most people, bookkeeping and accounting seems like very similar professions. If you haven’t studied accounting or bookkeeping, it’s hard to tell which functions fall to a bookkeeper and which…