Taxation is an inevitable task for every business. The famous words of Benjamin Franklin, the founding father of the United States, that there is nothing in the world that is as certain as death and taxes, highlight this point. New businesses have the burden of different types of costs. One of the top contributors to...Read More

Bookkeeping is an understated yet crucial part of accounting and financial management. The role of bookkeeping is to record the financial transactions of a business. It is the stepping stone to making informed decisions regarding the sustainability and scalability of a business. That is why the former CEO and founder of Visa, Dee Ward Hock,...Read More

John C. Maxwell once said, “A leader is one who knows the way, goes the way, and shows the way”. What a leader is for a team, the CFO is for an organization. The CFO is the head of financial operations and is in charge of all the financial activities. Being in charge of the...Read More

Businesses need financial data and information to understand the present state of operations and to predict future opportunities. Financial reports help owners and management to focus on important aspects of financial data. More so, financial reports help the organization stay focused on its business operations. And ensure their goals and objectives are being achieved as...Read More

The Indian government, in its union budget for 2022-2023, has laid a roadmap to bring stability and technological development to the Indian industry. So that domestic companies may have a competitive advantage to compete globally. The budget has provided incentives to startups so that they grow, flourish and create sustainable business development that benefits the...Read More

Non-profit organizations deal with social causes and do not focus on earning profits. They exist to serve society at large. Non-profit organizations work in varied areas and strive to bring about changes in education, research, religion, science, and other social activities. Running a business for social causes is very challenging especially when they heavily depend...Read More

Businesses have always used machines to make their work easy. Though the use of automated machines initially began with manufacturing activities, their use in accounting has been booming. Automation enables companies to process a large volume of data and reduce manual processing at cheaper costs. Automated accounting is beneficial to the firm in the following...Read More

The terms financial controller or CFO, though used interchangeably, have some differences. This is especially true for small companies who are low on budget to hire a financial controller and a CFO. There are many factors that have to be considered while deciding who the business needs; A Controller? A CFO? Or both? Who is...Read More

Bookkeeping is an indispensable activity in any business. It involves recording the various financial transactions and preparing the trial balance. This sets the tone for making correct business decisions. Thus, bookkeeping is a must, irrespective of the type and size of the business. The pandemic has changed the ways of the business world. The relevance...Read More

An average person may interchangeably use the different financial job roles like bookkeeper, accountant, financial controller, etc. mostly because of ignorance. The distinction between a bookkeeper, an accountant, a Certified Public Accountant (CPA) or a chartered accountant (CA), a controller and a CFO might not be substantial for the layperson, yet they are as different...Read More