Category Archives: Strengthen Your Financials

Do Your Accounting Procedures Drive Internal Control?

How can you make the most of your accounting manual and accounting policies and procedures to support your internal control objectives? But do your accounting procedures drive internal control already? Continue reading Do Your Accounting Procedures Drive Internal Control?

What are the Top 10 1099 Tax Write-Offs Everyone Should Know?

Whether you’re an independent contractor, a business owner, or a common-law employee who has to report another form of income, the IRS Form 1099 is there to cover almost all bases. From freelancing income, stock dividends, and even abandoned properties and canceled debts, there are a lot of different forms for different incomes to declare. What are the Top 10 1099 Tax Write-Offs Everyone Should Know? Continue reading What are the Top 10 1099 Tax Write-Offs Everyone Should Know?

What is the Difference Between Bookkeeping and Financial Accounting?

The two important terms “accounting” and “bookkeeping” are easily confused. What are they, how do they interrelate, and how do they interface with accounting methods, policies and procedures? What is the difference between bookkeeping and financial accounting?

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How Do You Conduct a SWOT Analysis with Proper Example?

As a business owner, you never switch off. There’s always going to be work-related thoughts buzzing around your head. These thoughts can flood in all at once and feel overwhelming at times. It’s crucial you maintain good health while running a company, and a SWOT analysis can help. It’s an excellent tool that will put your mind at ease and give you clear and organized goals. How do you conduct a SWOT analysis with proper example? Continue reading How Do You Conduct a SWOT Analysis with Proper Example?

What Financial Software Tools Does a CFO Use?

Chief financial officers (CFOs) must go beyond conventional finance functions in today’s business environment and become guardians of a company’s digital transformation. They’ll need to use a variety of SaaS tools, including artificial intelligence (AI), machine learning (ML), and blockchain, to do so. What financial software tools does a CFO use? Continue reading What Financial Software Tools Does a CFO Use?

Which Loan is Best for Starting a Business?

For a start-up company, financial strategies for business are important to cover a lot of expenses and to give you enough resources to keep on moving forward as you start generating profit–and here is where start-up business loans come in. From your working capital, inventory, to real estate and equipment, sometimes your funds on hand are not enough. Which loan is best for starting a business?

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Working Capital? | Definition

Working Capital is a common measure of the health of your business operations. Knowing how to manage working capital is a crucial aspect of financial procedures. Working capital refers to the funds required to operate your firm on a daily, weekly, and monthly basis. It is the money used to pay your suppliers for materials, as well as the money needed to pay for the items and services (such as inventory and payroll) that you have utilized while waiting for your customers to pay you. Continue reading Working Capital? | Definition

What Essential Fintech Skills Do Organizations Need?

The world is going completely digital and there is no second guessing to it! Digital nomads manage a business from anywhere. With technological advancements, the entire landscape of how things work on the business end has transformed drastically. While technological interventions have proved out to be quite productive, we will discuss one of the famous combinations with technology –  Fintech! What essential fintech skills do organizations need? Continue reading What Essential Fintech Skills Do Organizations Need?