Yearly Archives

  • records

    Electronics Records: Some tips to bear in mind

    Accounting software packages offer a great deal of convenience and ease of usage as far storing Electronic Records are concerned. Most documents are scanned and allocated a specific spot in the large repository of information within the software. But, when it comes to answering any question from the IRS, there are some specifications which need […]

  • checkbook

    The advantages of bank reconciliations

    What is bank reconciliation? Bank reconciliation is a tool for managing financial transactions. Simply put, a procedure performed by businesses that matches the balances in the company’s cash account records against the corresponding entries in a bank statement. This process is generally done on a  daily basis. It helps in finding discrepancies and making adequate […]

  • Dollars funnel.

    Top 10 tasks in your Business Accounting checklist

    Monitoring your business finances does not need to be a trial-and-error process. By simply introducing/implementing a necessary financial system or process, one can have a stress free approach to business finance. It is important to have certain protocols in place like recording of daily transactions, bank reconciliations, financial reports, variance analysis, reviews and forecasting. This […]