Accounting for Small Business

Why is Accounting Important for...

There are numerous challenges associated with setting up and running a small business. Poorly managed finances are one of the many reasons why small businesses don’t survive the changing market trends. A section of small businesses choose to…

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Outsourcing process

Hassle-free Accounting Outsourcing Process in...

Hassle-free Accounting Outsourcing Process in 5 Easy Steps Outsourcing of business processes started gaining popularity back in the 80s. It aimed at combatting the rising labour costs and the progressive trends in the global marketplace. Today, business owners…

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Accounting Software

The Future Scope of Accounting...

The Future Scope of Accounting Software for Small Enterprises Both large and small businesses stand to benefit from the use of accounting software as it precisely captures every transaction. Well-designed accounting software automatically generates income statements, profit and…

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Accounting Skills for Entrepreneurs

Why are Accounting skills Indispensable...

Why are Accounting skills Indispensable for Entrepreneurs? Today, ask any business owner how they made it happen; they may have different stories to tell. Yet, it all comes down to a firm grasp of the accounting fundamentals. Any…

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Expenses

5 Steps of Preventing Expense...

5 Steps of Preventing Expense Fraud Consider the following expense fraud schemes; air ticket fare for a cancelled flight, payment for unsupplied tenders. Shocker! Right? While it’s easy to imagine a few pounds here and there won’t hurt, expense…

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Revenue Recognition

Revenue Recognition and Impact on...

Are you thinking ahead? What next? Revenue recognition standards not only affect publicly traded corporations and large private companies. It could also impact small businesses, especially if they have plans to get more funding. What is Revenue Recognition?…

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Xero

Cloud Accounting and the Benefits...

Cloud Accounting Desktop accounting software is gradually becoming a thing of the past. Big and small businesses are now looking to have cloud-based accounting solutions for bookkeeping, payroll, statutory accounts and filing tax returns. Take control with Ernest…

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Essentials of bookkeeping

Essentials of Bookkeeping

Getting a clear picture of your business finances starts with having the essentials in place. Typically, perfect bookkeeping is a fundamental aspect of success for any business. That is why Ernest & Co Accountants will work with you…

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