Introduction to Outsourcing Accounting:- Many small businesses, start-ups, and entrepreneurs find it challenging to hire an accountant. Especially with the right skills to prepare their company’s financial statements, manage bank account operations, analyze financial data, and prepare the outgoing invoices. Nowadays, it…
The terms bookkeeper and accountant tend to be used interchangeably by those unfamiliar with the industry. But there are a few important distinctions between the two professions. A Bookkeeper can help you manage your financial books by documenting transactions, managing accounts, and…
For Understanding the differences and which you should use for your business. The main difference between accrual and cash basis accounting is the timing of when revenue and expenses are recorded and recognized. The cash basis method is more immediate in recognizing…
