by afrim | Mar 14, 2020 | Accounting
Data-based decision making involves making organizational decisions by leveraging actual and verified data rather than observation, intuition or experience. Decision making is a fundamental element in running small and medium-sized businesses (SMBS). In order to make...
by afrim | Mar 4, 2020 | Accounting
While bookkeeping can be a tedious and time-consuming task, it is a necessary part of any business. Bookkeeping ensures you have accurate and organized financial records for purposes of auditing and tax filing. It is also an important tool for analyzing a business’s...
by afrim | Feb 23, 2020 | Accounting
Although the terms “bookkeeper,” “accountant,” and “CPA” are used interchangeably, there are notable differences between the three. Bookkeepers, accountants, and CPAs may share common goals, but their scope of work and the tasks they perform are not the same....
by afrim | Feb 13, 2020 | Accounting
There are three main financial statements that help businesses to keep financial information organized. These include—balance sheet, income statement, and statement of cash flow. These financial statements help businesses to establish their true financial position and...
