How can financial reporting positively impact my business?

In the past, most businesses never saw the need for financial reporting, they never appreciated how it will contribute to business growth and survival. Such businesses were often denied credit facilities they sought for business expansion and related reasons. They also suffered from losing a lot of business opportunities that having financial statements came with. …

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Why you should reconcile your books

When was the first or last time you wrote down your day’s expenditure? Do you even take time to reconcile or balance your bank statement or mobile money mini statement with the records of expenditure you may have penned down in a cash book? From our experiences, hardly do small businesses do that. The bank …

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When Should You Outsource Your Bookkeeping And Accounting ?

Immediately you leave your comfort zone and launch your business, it might feel like the engine of your brand-new car is running faster than you can control. It is always up to you the driver to apply the brakes to control the speed. Likewise, as a business owner, it is your responsibility to regulate the …

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What does my Balance Sheet tell me about my business?

The Balance Sheet, appropriately referred to as the statement of financial position plays a very vital role in the complete financial statement of a business. Most business owners interest themselves with the income statement as that shows them their revenues or sales, cost of sales, operating expenses and their profit margins. More profits mean more …

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