February 17, 2016
Charles LutwidgeWhat is cash flow
Keeping track of cash flow is critical for every business owner in every industry. What is it? The basic concept is easy to understand. A cash flow is a movement of cash into or out of your business. Net cash...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
January 21, 2016
Charles LutwidgeBank reconciliation: a simple explanation
What is it? A bank reconcilation is a process in which a company checks that both its records and the bank’s records are correct. Discrepancies between bank records and company records concerning cash transactions are very common and can result from errors...
August 09, 2015
Charles LutwidgeWhy is accounting important?
We do business because we want to earn. And accounting is the way to learn how much we earn through our business as it is all about keeping financial accounts. So accounting is always, and will always be part of...