Entries Written By Francis Nkrumah
4 Keys to Effective Bookkeeping Practices
Effective financial record-keeping is essential for business survival and growth. It entails planning, organizing, controlling and monitoring your financial data to achieve the ultimate business objective. Most small and medium business owners often neglect to follow through religiously, this sometimes may be due to either not having full knowledge of keeping appropriate records or having …
Why Cloud Accounting is the future
The birth and the introduction of technology has brought a new face on how accounting traditionally was processed. Where transactions were manually recorded in columnar papers and kept in a huge folders. Once computers became popular with its accompany affordable software, accounting tasks change from the traditional method into this medium, where concepts stayed the …
Why Profitability Is Key to Assessing Your Business Growth
Why Profitability Is Key to Assessing Your Business Growth Every emerging organisation be it small, medium or large has certain inherent reasons for its conception. The nature and characteristics can further explain the type of business in question, as to whether or not the business is profit making, nonprofit or a charitable organisation. In this …
The Impact of Capital Allowance on Fixed Assets: The Benefits to Your Business
Capital Allowance: is a practice of allowing a company to get tax relief on tangible capital expenditure by allowing it to be expensed against it annual pretax income. They are treated as another business expense and so reduce your taxable profit within the basis period. It’s an expense, but because it is non-cash, it is …