The owners of small businesses and the freelancers become terrified of the tax liability when it comes to filing the tax return. When starting a small business, you must be aware of the tax liability and possible claims for your expenses. A proper accounting and filing system is essential to make […]
What is debt financing? Debt financing differs from equity financing, in which you raise funds by selling bonds, and buyers become your shareholders and must pay for their shares. Debt financing is when you raise money while running a business, which can be a short- or long-term loan. Bank loan Using […]
You will encounter These main concepts in the company’s daily accounting. Accounts period for a business: – Accounts payable- The money a company owes to suppliers, bills, and wages Accounts receivable – Money receivable from customers Accruals -These are the income & expenditure that is accounted for and not when cash […]
The complete guide to bookkeeping for small business Description I am Vathani Ariyam, the author of this online course; employed as an accountant for a long time in the UK, and I create online courses, write eBooks, and do some accounting work with a few clients. I have created this course […]
Bookkeeping checklist The requirement is to create a bookkeeping checklist to have a piece of mind and to sleep at night. As money is the lifeblood of any business, accounting tools, and bookkeeping must be adequately maintained daily, monthly, and annually. If not, you will also lose all your money and […]
Entrepreneurs work with no help. Entrepreneurs are trying to wear too many hats. If you are setting up a business, you should never attempt to do everything yourself without help, as it will take a long time to bring your business off the ground. You have to know your strengths and […]
How do I de-register myself from self-employment? What is self-employment? A person is self-employed if they run their business for themselves and take responsibility for its success or failure. Someone can be both employed and self-employed simultaneously, for example, if they work for an employer during the day and run their own business in the evenings. […]
Why is accounting an essential skill for entrepreneurs? An entrepreneur needs accounting knowledge to stay on track with the expenses and the business’s income. Acquiring budgeting, cash flow, and the business plan helps them stick to tight budgeting and manage financial responsibilities. If an entrepreneur does not have this knowledge will […]
Beginners Bookkeeping online course. Description I am Vathani Ariyam, the author of the eBook “Beginners Bookkeeping,” created for students and entrepreneurs to help to maintain their books. A proper accounting system is vital for a small business or a corporation. Keep your accounting records to avoid mistakes, and fraud in the […]
How to expand your records as your business grows? Analyzed cash book You might want to know some management information regarding your expenses as your business grows. As income increases, the costs also will increase. Therefore, it is vital to know about your expenditure. For example, you might want to know […]