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Even if you have a specialised finance staff that knows the cost accounting process, determining the most efficient ways to cut costs can be difficult. One of the greatest ways to maintain your business in shape so it can operate effectively in a range of economic conditions is to keep costs under control. 1. Hire …

6 Ways To Control Company Expenses Read More »

Cost savings is a set of actions or decisions taken which reduce the historical or expected cost of a transaction. They are measures taken to reduce the amount of money being paid for a particular product or service. Here are 6 ways through which cost saving can be achieved. 1. Historic saving These are the …

Cost Savings in Accounting Read More »

In most of the organizations the accounts are taken care of by the accountant which is efficient but its the owner who runs the business and takes the selections so he/she must be able to understand some basic concepts of accounting, to read the numbers and make decisions that help the corporate grow. Here are …

BASIC ACCOUNTING CONCEPTS EVERY BUSINESS OWNER MUST KNOW Read More »

Accounting helps in maintaining records of cash inflows and cash outflows of a business, capital used to purchase assets and maintain company’s operation like hiring employees, advertisements etc., and also helps in preparation of budgets. 3 main benefits of accounting: 1. Maintenance Maintenance of business records and preparation of financial statements. 2. Valuation of business …

How Accounting Helps Start-ups Read More »

Bookkeeping is the process of keeping complete records of financial transactions and updating them periodically from time to time.Business firms have their own bookkeeping system. They are spending a good amount of time and energy on it. Instead of spending valuable time and energy on bookkeeping, it can be put into better use for growing …

7 benefits of Outsourcing Bookkeeping Read More »