Accounting Blog for Business

Congratulations! I know you are reading this article because you want to improve how you manage your business finances this 2019. Managing a startup often requires more work than handling a full-blown corporation. You have fewer people on your team and you often have to work both as an administrator and as a crucial part of your product/service delivery team.

Often, many entrepreneurs do not know how to implement internal controls, much less how to improve internal control, when they are scaling their business. Companies commonly take this step for granted until their efficiency decreases or when they encounter a financial disaster.

As CFO, understanding the ins and outs of your organization is important in achieving strategic success in your business. One of the things that you have to understand is how you can achieve continual improvement, meet regulatory requirements, and satisfy your customers and stakeholders. In this regard, having a quality management system in place is crucial. But what is quality management? Read on to learn more.

Nothing can suck out the life of a small business than losing track of your resources and expenses. Startup business owners have a lot on their plates, making it fairly easy for them to forget about their books. To help small business owners get a hold of their expenses, here are some of the best expense tracker app that you can use.

The age of 16 almost always brings delight to any teenager. This is called the “coming-of-age” celebration where puberty really hits the pedal. Unfortunately, this article will not dwell on this exciting milestone, but on a different topic involving the same sweet number: lease accounting and IFRS 16.

Data is the currency of today’s business success. With every transaction producing useful information to improve and optimize their processes, businesses of all size and purpose are pooling significant resources to make the most out of their data.

Startup businesses, above all, benefit the most from data integration. Data helps small businesses, especially those with limited resources focus their efforts in improving the most essential aspects of their business. To help owners like you grow your small business, here are some tips on data management and utilization: