When performing a bank reconciliation, you compare your internal financial records against the records provided to you by your bank. A monthly reconciliation helps to catch and identify any unusual transactions that might be caused by fraud or accounting errors, especially if your business uses more than one bank account. Bank Reconciliation To reconcile your […]
With so many businesses realizing that accounting information is the key communications tool of the future, business owners are falling over themselves to get onboard the accounting information bandwagon. Deciding to use this powerful accounting resource to get your business up and running is smart. However, once entrepreneurs jump into the accounting information waters, most […]
Running a successful business in Nigeria is most times challenging due to myriad of problems. It’s even more difficult if you are just starting your business, or operating a seasonal business. Apart from the operational and customer issues that inevitably eat up your time, you also need to know where you stand financially. As good […]
Accounting procedures is the system or processes of recording and reporting financial information. Accounting procedures varies according to the time of the year whether it is the beginning or the year end. The end of the year is the time that businesses close their account and start preparing for the statutory audit. Accounting procedures for the year end provides opportunity for businesses.
Bookkeeping and accounting is an important task for small to large size financial business. Now a day’s most of businesses are being web based and online and that’s why the need of online accounting and book keeping increased speedily. If you want online book keeping and accounting services provider for your business then you can […]