Service Agreement (Accounting) For Proper Maintenance of Your Financial Transactions

Service Agreement (Accounting) For Proper Maintenance of Your Financial Transactions

Accounts are an inherent part of any business and the success of the business mainly depends on the recording of monetary transactions, account maintenance and book keeping. The proper accounting also informs the business man about his day to day financial happenings and what is his monetary standing.

Today, it has become the necessity of any business, company, organization or service provider to have proper accounting procedure for the success of their business. Read more

Financial Statement – Who Needs It?

Financial Statement - Who Needs It?

The Financial Statement for your business is probably the single most referred to report that your company will produce. It comprises several other documents including the Balance Sheet and the Profit and Loss statement and provides all of those looking for a complete financial picture of your business with a detailed account.

So, who actually uses the information in a financial statement? Which groups of people find such things essential and why?

Owners & Managers
First and foremost you will need the information yourself as the owner of the business without the information in a financial statement it would be very difficult to make any important business decision. Read more

Asset Loans and Accounts Receivable Financing Solutions

Asset Loans and Accounts Receivable Financing Solutions

Canadian business, during its search for new and innovative financing solutions keeps hearing about asset loans and accounts receivable financing solutions. These two types of financing for Canadian business owners and financial managers are a subset of what is known as an asset based line of credit.

The financing is newer to Canada, growing in traction and popularity, and still widely misunderstood as a total financing strategy for your company. Read more

All About Business Banking Account Comparison

All About Business Banking Account Comparison

When you are wanting to start up a business and you would like to get a bank account that suits your business, then you may want to look into business banking comparison.

When choosing the right type to open for your business, you want to make sure that you are getting all that you can from your bank. When comparing them to use for your business banking be sure to check everything. Read more

Benefits of Online Accounting Services

Benefits of Online Accounting Services

Accounting is often a tedious activity that involves book keeping, tax and payroll and balance sheet preparation. The need for accounting is important in any firm and, without it; most of the companies cannot make accurate standing on their financial position and determine their actual profits and losses. It becomes necessary to outsource this task to qualified professionals and accounting firms so that you are able to save time and concentrate on your major line of work. Read more

The Going Concern Concept: Accounting Definitions

The Going Concern Concept: Accounting Definitions

    What is the Going Concern Assumption?

      Going concern is one of the four assumptions that are part of the accounting conceptual framework. Its meaning is really quite simple. The going concern assumption applies to almost any business that intends to operate as a business for a reasonable period of time. Read more