Choosing the Type of Business Structure As you start offering catering services, you may notice your income increase overtime, especially when you cater to corporate functions. Of course, this is good news to your business, but all your efforts will be for nothing when the governing authority flags you for […]
Accounting
Annual Reports – Five Keys to Creating an Annual Report For Your Nonprofit
At the start of my second year as an executive director of a housing nonprofit, I thought I had prepared well for my first annual meeting until the day of the event when I realized that we had not produced an annual report as required in our by-laws. Since this […]
The Origin Of Accounting Theory
If it is to be comprehensible and reliable, accounting must be used in accordance with specific rules and regulations. It would be chaos of Babylonian proportions if each person used his own grammar and vocabulary – nobody would understand anybody else. Likewise, it is essential that accounting is used according […]
The Need to Adjust the Accounts Receivable
(1) Definitions – We have to define some terms first: * Accounts Receivable represent amounts due from customers who have purchased merchandise or services on credit and who have agreed to pay within a specified period or when billed * Bad debts expense (synonyms: uncollectible accounts expense) represent amounts from […]
The Depreciated Legacy of Cervantes
In The Art of the Novel Milan Kundera makes observations that echo Charles Baudelaire’s enraged comments concerning the values of literature in nineteenth century Europe. An embittered Baudelaire writes: “France is passing through a period of vulgarity. Paris: A center radiating stupidity in every direction. Despite Moliere and Beranger, no […]
Here Is Why Your Small Business Needs a CPA Firm
As a small business, you probably deal with a lot of financial matters on a regular basis. Important decisions must be made on time, and you must invest your time in various daily activities and tasks that have a significant influence on your resources. No wonder, entrepreneurs look for the […]
How Tally Confirms Its Top Position Over The Years
Tally, as an organisation, has gone through a roller coaster ride- right from being a start-up to a market leader, to seeing a meltdown in product pricing. It has several future goals and the main one is to become a 5,000 crore company in the near future. Bharat Goenka, the […]
The Central Theme of Rich Dad Poor Dad by Robert Kiyosaki – Look For Assets Not Liabilities
Rich Dad Poor Dad has been reviewed by many writers. The book, written in 1997 by Robert Kiyosaki, immediately became a success. The concepts expressed therein are the foundation of Robert Kiyosaki’s Rich Dad book series. Rich Dad Poor Dad expresses a number of concepts that seem contrary to the […]