accounting

Tips for Managing Your Business Finances

The first rule of thumb for every business owner is to keep their personal and business accounts on parallel lanes, this is important so that the two accounts do not overlap. A savings account is advisable for your business because it helps you to build equity. Rock-solid business savings can help you reduce reliance on…

Understanding your financials is a pre-requisite for running a successful enterprise. Some entrepreneurs shy away from numbers because they believe that their financials is the responsibility of their accountants or the finance team they have hired. A clear understanding of financial planning and accounting helps you to make informed business decisions. Not having a good…

Image Source: Quality Support Group Managing finances is a challenging task for many. The underlying principles of learning to manage your finances can come at an early stage for some. But for others, it becomes a skill that one learns in their adulthood. In managing your business finance, it is no different from how one…

Many businesses struggle with managing their expenditure. They make good sales, have high turnovers in their books but are unable to justify where the money went to. There is a tendency to make unnecessary expenses as your business scales up and this could be detrimental to the cashflow and profit of your business. High business…

Tips for Managing Your Business Finances

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