Accounting Articles

Accounting is the bookkeeping methods involved in making a financial record of business transactions and in the preparation of statements concerning the assets, liabilities, and operating results of a business.

The Right Accounting Software for You

Accounting software has been gaining momentum over the past years. Companies which use these software vouch for their efficiency to handle loads of accounting functions but do not add up to the costs unlike hiring a pool of trained and licensed accountants....

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Advantage of Outsourcing your Bookkeeping to Professional BookKeepers

In order to summarize the results of a business activity, each financial transaction must be recorded in a bookkeeping system. An entrepreneur has option to employee of bookkeeper in their organization or outsource the whole bookkeeping system to a professional firm....

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Taxation 101: Hobby or Business?

If you keep putting off getting your tax return prepared because you just can't face the thought of going through that shoebox at the back of your closet to organize your receipts, make a vow that this is the last year you will do this to yourself....

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How to Maximize your Home Business Tax Deductions

Someone once said, ‘the best way to calculate your taxes is…Honestly'. Add ‘Smartly' to that and you'll get to keep more than you make....

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Financial Literacy 101: Cash Cycle

Is your business short of cash again? Are you having a hard time in solving the liquidity problem of your business? Are you confused why your business is having cash problems? Read and I'll give you tips on how to solve it....

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Home Based Business Tax Deduction Topic - Home Office

If you're going to use a tax accounting service, make sure you go over these kinds of deductions with the tax professional. Ask them if they have experience with how to prepare returns for home businesses and all the home office deductions that are available to you....

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Factoring Accounts Receivable

Factoring is the sale of commercial invoices or Accounts Receivable at a small discount. Businesses can generate cash and improve cash flow without taking on additional debt. Factoring use to be a financing source used by the textile and furniture industries....

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Help me support the 17 children at Happichild Children's Home in Narok Kenya. I currently fund their food and education.  By next year I hope to raise enough money to purchase land and a bigger home to adequately shelter them.  You can help me here.  100% of the donations are sent to these amazing, resilient children.