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Importance of Restaurant Accounting and Point of Sale Software
Why is restaurant accounting necessary for your food service business? Restaurants typically run about a five to ten percent profit margin, which is not much considering the work involved. Tracking or...
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Things to Consider when Outsourcing Your Accountancy Needs
Are you struggling to manage your small business accounts? Do you panic when it comes to submitting your tax returns? Here are some fundamental tips to help small businesses that have decided to...
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Which Accountancy Qualification is Best for You?
If you wish to study accountancy, you may be finding it difficult to choose between the different accountancy qualifications. In the UK and Ireland, you can choose between 6 main qualifications, the...
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Usage and Benefits of Electronic Invoicing
A paperless office has long been the dream of innovative, forward thinking credit professionals. While it is not yet a reality, certain innovations are bringing this dream closer. Imaging and workflow...
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Two Most Common High Risk Merchant Accounts
When running a business, you need a company that is able to accept all of your payments and give you the best ability to succeed, regardless of what sort of material you sell or services you provide....
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Questions to Ask While Recruiting a Bookkeeper for Your Business
Managing the accounts is one of the most important tasks when you are running a business. It is directly related to the profit that you garner from all business operations. Hence, it is extremely...
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On-Premise vs. True Cloud Accounting Software
As more and more organizations look to “the cloud” for increased accessibility to their data and as an alternative to the capital expense of software and servers, many are considering migrating from...
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Basic Information on Making Overseas Money Transfers
Foreign exchange brokerage firms offer competitive and little or no fees for overseas money transfers. This provides you with a great advantage especially if you are transferring £5000 or more. These...
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Advantages of Hiring an Experienced and Committed Bookkeeper
When it comes to bookkeeping, you might have seen a number of small and medium sized enterprises prefer doing them on their own. They are often found to be under the notion that hiring a professional...
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How to Create a Proper Invoice
The Bill is almost the most important document of our turnover. It is the key point of our economic activity, to justify expenditures and revenues you’ve had during the quarter and at year end. You...
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Invoicing Your Customers for Better Cashflow
If you are a business engaged in supplying customers and sending out invoices to be paid at a certain date, then you are undoubtedly aware of how important it is to send out your invoices on time. But...
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Advantages of Payroll Outsourcing
Regardless of the size of a business, processing the payroll of employees is said to be one of the most difficult and taxing tasks. The payroll includes various tasks such as determining the wages, the...
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Accounting for Your Sales Across Many Channels in Many Places
Customers are becoming more and more informed, while always expecting an outstanding service and this has turned the online space customer-powered. 2015 has been so far a very challenging year for...
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The Importance of Recognising Danger: 3 Common Business Issues that...
In generic job interview terms, problem solving is almost always listed as one of the key professional skills. This makes perfect sense on some levels, as individuals with the capacity for analytical...
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Comparison Shopping for Accounting Software
Since all small business accounting software aren’t equal, it’s important to comparison shop – here are some things you should be looking for. Comparison shopping is a proven way to get the best small...
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What is a Balance Sheet
The Balance Sheet depicts the financial situation of a company, measuring how healthy and profitable the company actually is. At the end of the accounting period (year, quarter, month), the balance...
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Types of Fixed Assets
Also called “tangible assets”, the fixed assets are used for the business operation, having a price higher than a predetermined threshold dollar amount when purchased and supposed to last at least one...
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What Is The Income Statement And Examples
Compared with the balance sheet reflecting the activity of a company at some point, the income statement shows the company’s financial situation over a long period of time. In other words, the income...
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Components of the Cash Flow Statement and Example
In accounting, the balance sheet is a snapshot on a company’s finances at a fixed time; accordingly, the cash flow statement reflects the changes in company’s finance over a considerably longer time....
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Why Become a Certified Public Accountant (CPA)?
Becoming a Certified Public Accountant is a challenge. You will have to endure 150 hours of education and undergo a grueling exam. After that, you will have to continue your education to stay up to...
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