Simple Strategies for Everyday Savings
We are advised to save as much of our income as possible, but it is easier said than done. When you want to save money for milestones in life, it becomes crucial to do it slowly but consistently instead of attempting to make huge savings. Here are some simple...
How many sources of income do you have?
If you only have one steady source of income, you might be living in an outdated era. Welcome to the twenty-first century, where having multiple sources of income is the new normal. As people and societies evolved, financial literacy and management have significantly...
Managing Money and Making It Work for You
You are no stranger to the challenges of managing finances in your business. While it may be tempting to view money management as a necessary evil, it's crucial to understand that effectively managing your finances can be a powerful tool for driving your business...
How Does Cryptocurrency Fit Into Your Retirement Plan?
As cryptocurrency becomes more mainstream, people are starting to find ways to fit it into their retirement plans. Before you make this decision, it is important to understand how it works and the potential risks involved. That way, you will have greater insight into...
How to Become an Accountant
Individuals and businesses of all types rely on the expertise and advice of a qualified accountant. The position requires knowledge, skill, and attention to detail, but it does not have to be incredibly difficult to set off on the right course toward joining this...
An Inside Look at Off-Balance Sheet Financing
Any experienced business owner understands that there are several ways to record revenue and expenses. One unique accounting technique involves keeping certain figures off of the balance sheet. The process is known as off-balance sheet financing and involves several...
What Can an Accountant Do for You?
Regardless of a person’s occupation or financial situation, there are probably several benefits associated with securing the services of a reputable accountant. Although the field is broad and different accountants specialize in specific aspects, the following...
Funding Your Small Business
The first step to funding your small business is to ask yourself what you want. Do you want a loan? A partner? Investment capital? Or do you want to bootstrap it and run on sweat equity for as long as possible before seeking outside help? Funding is different for...
Typical Issues That CFOs Face and How to Overcome Them
As the company’s financial leader, your job is to provide accurate and timely reporting on financial performance to support sound business decision-making. The role of the CFO has changed dramatically over time as companies have evolved from manufacturing firms with...
Understanding Revenue Recognition
Many small businesses and recently incorporated ventures are naturally interested in securing as much revenue as possible in order to maintain a profitable outlook for the future. While this certainly makes sense, it is not always as easy as simply selling a product...