2021

While this may have been sufficient in the beginning, if you plan on growing your business, you should probably move to using accounting software and double-entry accounting. Using this system reduces errors and makes it easier to produce accurate financial statements. By using double-entry accounting, you can be sure all of your transactions are following …

Double-entry bookkeeping Wikipedia Read More »

You can augment IT staff with UI/UX specialists, developers, quality assurance engineers, business analysts, project managers, and other specialists. You are not venturing into uncharted territory; rather, you are joining a long line of contented businesses that have garnered the benefits of outsourcing to India. Over the years, professionals have refined their skills and emerged …

Outsourcing to India: Here’s What You Need to Know Read More »

Having a separate bank account for your business income and expenses will make your accounting easier. You’ll only have one account to monitor for bookkeeping and tax purposes, and your personal income and expenses won’t get entangled with your business ones. Believe me — only having to look at one set of bank statements is …

Accounting 101: Accounting Basics for Beginners to Learn Read More »