Category: Accounting

  • The Ultimate Guide To an Income Statement

    Income Statements show a business’ profitability to stakeholders and investors. This article provides a comprehensive guide to the income statement and it’s importance.

  • 3 Must-Do Items for a Successful Business Accounting Audit

    3 Must-Do Items for a Successful Business Accounting Audit

    An accounting audit, usually done by an external party, is an independent examination of the financial position of a business. This can be done irrespective of its size or legal status, whether driven by profit or not.

  • 9 Brilliant Tax Tips for Small Business Owners

    9 Brilliant Tax Tips for Small Business Owners

    Most business owners find tax filing complex. This is because the tax filing process has to be combined with running the business. It is advisable for business owners to work with an accountant throughout their business year. There are a couple of tax tips for small business owners that can also help you get your […]

  • 5 Amazing steps to create a Budget for your small business

    5 Amazing steps to create a Budget for your small business

    To create a successful business, you need to be financially responsible. You need to figure out how to spend the money before making it. When you create a budget for your business, you can track the cash at hand, your expenses, and how much revenue you need to keep the business afloat. This in turn […]

  • 5 Clear Reasons Why You Should Track Your Business Expenses Daily

    5 Clear Reasons Why You Should Track Your Business Expenses Daily

    When you track your business expenses daily, it becomes easier for you to work out what you are spending and where you can save. This is because tracking your business expenses makes it possible for you to see how much money is being spent on each item, which will enable you to work out where there may be room for savings in the future.

  • Advantages of Internal Audit: 10 Ways It Helps Your Business

    Advantages of Internal Audit: 10 Ways It Helps Your Business

    Internal audit is a process of analyzing internal operations that supports the achievement of objectives. Advantages of internal audit is to ensure compliance with applicable laws, regulations, and policies by detecting financial misstatements, fraud, or other illegal activities within an organization. Internal audits are an important part of business management, and they can help your […]

  • Is POS The Best way to Receive payments for your Business?

    Is POS The Best way to Receive payments for your Business?

    Most times when businesses talk about receiving payments the first thing that comes to mind is POS, but is POS really the best way to receive payments for your business?

  • Impact Of FinTech On Business Growth In Nigeria

    Impact Of FinTech On Business Growth In Nigeria

    Fintechs are on the rise in Nigeria. This is a combination of a youthful population; ever-increasing smartphone penetration and the need for a cashless payment system. The Impact Of FinTech On Business Growth In Nigeria can be quantified and measured. A finTech is a technology-driven approach that uses data to transform financial services. It can […]