An escrow is a financial management where a third party maintains and controls the transfer of the funds needed by two parties involved in a transaction. It helps make transactions safer by holding the payment in a stable escrow account that is only issued when all of the terms of an arrangement are met as monitored […]
The benefits of accounting for business are numerous and effective. Accounting is considered the very lifeblood of a business, and its importance is known to every businessman. With an increase in business opportunities, there has also been an increase in the requirement of professional accountants and the services they provide. By availing the services provided […]
The importance of bookkeeping is known to every company. It is the backbone of every financial data, and if this process is not performed correctly, the company may face huge problems in the future. Proper bookkeeping will allow the management to understand the financial health of the company and will also allow the management to […]
Keeping a record of all the transactions of the business is very important for the management. For this, many businesses also take the assistance of a professional bookkeeper. A professional bookkeeper will keep all the records of the transaction of the company and will record them in a manner that they can be used easily […]
Are you planning to start a small business in Dubai? If you are ready to launch your new business in Dubai, Congratulations! As you know, launching a business is a constant flood of satisfying milestones and increasing to-do lists. With your business launch, you’ll require to get on top of the accounting tasks that come […]
There are business opportunities all over the world but every jurisdiction has their own accounting standards and financial reporting standards. This makes it very important for a business management to keep a track of all the different accounting systems. Why do financial reporting practices vary across countries? The Accounting experts have hypothesized various influences on […]
All Corporates will face similar accounting challenges in the future years. If you mishandle any of these challenges in the coming years like say, if you miss a deduction at tax time, if you leave your data at risk to hackers, or if you fail to use the right accounting software, then your business will lose […]
Money is in the centre of all the crimes which have been committed and the latest trend is of committing online fraud. Online fraud is now the most recurrent crime that mainly includes identity theft. Fraud comes in several forms and can range from small value thefts up to extensive corruption within global businesses. Legal […]
One of the most needed and helpful resources for any company is time. If a company does not have time to implement its strategy, then a lot of things can go wrong, and the company could inevitably shut down. In recent years, saving time has been possible due to the use of various techniques and […]
In recent years technology has made enormous strides in all walks of life. From construction to food to manufacturing, there have been great technological strides in every industry. These changes have vastly transformed how we deal with various parts of life. Accounting is also recognized as the language of the businesses and is not an […]
