Outsourcing to Maximize Value
Outsourcing involves contracting a third party, specialized in a particular field, to take care of certain tasks in your business, so that you can focus on your core activities.
International Financial Reporting Standards (IFRS) – A General Overview
Financial reporting is a very important aspect of running your business. When done properly, the figures presented are useful in analyzing the financial performance of your business, thus becoming more successful.
Internal Controls in Accounting
Internal controls are policies are procedures put in place to ensure continued accuracy and reliability of accounting systems. They are put in place to enhance financial integrity, control errors, and prevent fraud.
Finance and Accounting Tips for Your Business
Did you know: The first written text in history was done more than 5,000 years ago and is believed to have belonged to an Accountant who was making a record of supplies. It read, “A total of 29,086 measures of barley were received over the course of 37 months. Signed, Kushim.”
Benefits of Accounting & Reporting for SMEs
One major challenge that SMEs face during start up or growth is access to funding. Accounting and reporting can therefore support SMEs by providing lenders with transparent information to aid in assessing the risk of borrowing and improves chances of obtaining the funding.