Articles for people who are just opening or have a new business
Introduction Small businesses are the backbone of the economy, and it is essential to ensure that they are financially secure. Implementing internal controls is one of the best ways to safeguard your small business finances. Internal controls are mechanisms, procedures, …
IMPLEMENTING INTERNAL CONTROLS: SAFEGUARDING YOUR SMALL BUSINESS FINANCES Read more »
Introduction In the dynamic world of business, particularly for small businesses, budget monitoring is a critical survival skill. With limited resources and high stakes, small businesses must ensure that every penny is accounted for and utilized effectively. This is where …
EFFECTIVE BUDGET MONITORING TECHNIQUES FOR SMALL BUSINESSES Read more »
If you are maintaining a checking account with a bank, I guess you are familiar with bank reconciliation. You always receive a bank statement with attachments, didn’t you? All checks you issued and paid by the bank are attached with …
In Bank Reconciliation, What Are Reconciling Items? Read more »