Tracking your company’s operating cycle throughout the year is often the best way to gauge how your business is performing and whether it is headed towards growth. It can also shed some light on whether your business is efficient and if yes then by what margin. Thus, the operating cycle formula can be useful. However,…
No other profession in the world requires the level of accuracy often expected from an accountant. Yet there are times when transactions can’t be fully revealed or classified immediately. This is where a suspense account comes in to avoid major issues relating to accuracy. However, recording suspense account entries is not the final step. It…
E-commerce has lasted the test of time indeed. It is continuing to change the way businesses operate, offering solutions that couldn’t be accessed years ago. However, regardless of the ease that e-commerce platforms provide, their financial management can be equally difficult. Even well-known platforms such as QuickBooks for e-commerce business can often lead to issues…
Everyone loves seeing that profit climb each year, but no one really likes to spend hours deep diving into all their entries from last year. As e-commerce enthusiasts, we love to wear multiple hats, but bookkeeping may be one that just won’t fit! However, that doesn’t mean efficient bookkeeping for e-commerce isn’t valuable. Love to…
Startup financing can often feel like a maze that new business owners attempt to navigate all the time. With the variety of instruments available for funding, it can be hard to keep track. One such option is the safe note, which is often preferred for its simplicity and investor-friendly attributes. If you keep asking the…
The IRS expects to receive tens of millions of returns filed by taxpayers in 2024, at the last minute. Yes, most tax filers wait till the last minute to file their taxes, so if you are feeling particularly guilty for putting off your taxes, you’re not alone! However, filing taxes at the last minute, applying…
Ever wondered “What are advisory shares and why do I need to learn all about them?” The answer lies in the question. An advisory share is just like any other type of share except, well, that it is offered in exchange for advice! Advisory shares are often great news for companies, especially startups that are…
Do I need a CFO? What does a CFO do? Should I hire a CFO? Questions like these are common among startup owners and entrepreneurs who know how to start a business but don’t know how to make it a success. The majority believe the best way forward is DIY – Do It Yourself. In…
“Death and taxes” are the two things Benjamin Franklin promised us would always be certain. However, when it comes to human nature, we can safely add “procrastination” to this short list, given how every tax season, small and medium sized business owners are rushing around at the last minute, trying to file their taxes, overwhelmed…
We already detailed in a previous blog here, what NetSuite is all about. In short, it is a cloud-based suite of management tools that, on a single platform, caters to several business management functions and operations, all on the cloud. This means that as long as you’re connected to the internet, you can plan the…
to our mailing list for updates
