Sep 15, 2020 | Accountancy
What are some of the benefits of real-time accounting? 1. Due to removing the step in the accounting process of manual transaction logs in the general ledger, time and cost can be saved by decreasing amount of manual jobs of an accountant. 2. By having up to date...
Sep 9, 2020 | Accountancy
Cashflow management is necessary for any business. Depending on the industry in which you operate, the cash conversion cycle (time it takes for the cash to come back to you once used for inventory) may be shorter or longer meaning appropriate planning is needed for...
Sep 5, 2020 | Accountancy
Cloud accounting enables businesses to manage their book keeping online, through the use of software which stores data and records through the internet. The benefits of cloud accounting include saving time and money, enabling the business to be run from anywhere at...
Sep 4, 2020 | Accountancy
Costing issues are often incorrectly misconstrued as merely an issue of the manufacturing industry, whereas they also concern others. The most popular method of costing is the Traditional Costing method due to its simplicity. However due to the current ever-evolving...
