Best accounting practices for small businesses?   There is a direct relationship between a successful business, no matter how big or small, and the pursuit of best accounting practices. It may sound clichéd but finance is the lifeblood of any business and this fact cannot be contested. In particular, if you are an entrepreneur or a medium-sized business owner, you should follow the following.....

What is bookkeeping? Bookkeeping refers to the basic tasks that you need to perform to record and organize the financial transactions of your company. The most obvious reason why you need to do bookkeeping if you have a business is to check whether you are making a profit or not. The ability to draw accurate reports also helps you gain a clearer understanding of the strengths and weaknesses of.....