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An audit is simply a quality control measure to ensure the accuracy of your financial records.

Many businesses conduct internal self-audits annually to ensure the accuracy of their books. External audits might be required if you’re applying for business certifications, preparing for a merger or acquisition, or due to regulatory…

What is a business budget?

Having an effective budget is like a secret weapon in your business arsenal, and the one thing that will help you stay the course and keep the doors open.

A business budget is a financial plan that outlines the expected income and expenses of a company over a specific period,…

The financial year end is when shareholders, directors, and accounts departments draw up their annual financial statements. An audit can be helpful to plan and position your business for future growth.

What is a company audit and why is it required?

"Audit" refers to examining and evaluating your business’s financial…

Why is cash flow management important?

We probably don't need to explain that money makes the entrepreneurial  world go ‘round. Without available cash to cover your running costs and overheads, your business is dead in the water. Money flowing in and out is  called your cash flow, and it is vitally important…

If you have a business with money flowing in and out you need some way of keeping track of everything. Accurate bookkeeping becomes crucial not only to track activity, but to gain a holistic view of your financial situation, and enable better planning and management in the long run.  Traditional bookkeeping services may offer a standardized approach;…

Everything You Need to Know about Business Fundraising Services

In an ideal world your company would be making enough money to be able to expand and grow naturally. However, sometimes you have to spend money to make money. Almost every company has to raise funds at some point to grow and scale.

Every…

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We’ve all read the headlines - automation is the future of business. But what exactly does that mean, and how do we go about automating our business processes, specifically accounting? In the world of business, accounting plays a crucial role in ensuring financial stability and success. However, traditional accounting methods can be time-consuming,…

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© Maurice R. Dyson

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