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Cashflow vs ProfitCash flow is the inflow and outflow of money from a business. It is necessary for daily operations, ta...
13/03/2023

Cashflow vs Profit

Cash flow is the inflow and outflow of money from a business. It is necessary for daily operations, taxes, purchasing inventory, and paying employees and operating costs.

Profit is the surplus after all expenses are deducted from revenue. Profit is the overall picture of a business and the basis on which tax is calculated.

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What Is a Trial Balance?A trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled int...
13/03/2023

What Is a Trial Balance?

A trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal. A company prepares a trial balance periodically, usually at the end of every reporting period. The general purpose of producing a trial balance is to ensure that the entries in a company’s bookkeeping system are mathematically correct.

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What Is a Profit or Loss Statement?Pofit and loss (P&L) statement refers to a financial statement that summarizes the re...
13/03/2023

What Is a Profit or Loss Statement?

Pofit and loss (P&L) statement refers to a financial statement that summarizes the revenues costs, and expenses incurred during a specified period. These records provide information about a company’s ability or inability to generate profit by increasing revenue, reducing costs, or both. Company managers and investors use P&L statements to analyze the financial health of a company.

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What Is a Balance Sheet?Balance sheet is a financial statements that provides a snapshot of what a company owns and owes...
13/03/2023

What Is a Balance Sheet?

Balance sheet is a financial statements that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. Balance sheets can be used with other important financial statements to conduct fundamental analysis or calculate financial ratios.

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5 must-know bookkeeping tips for businessess.- Keep personal and business account separate- Set reminders for important ...
13/03/2023

5 must-know bookkeeping tips for businessess.

- Keep personal and business account separate
- Set reminders for important deadlines
- Build an audit trail
- Create monthly reports
- Know your business expenses

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Contact us at: +6013-999 7211

Reason why bookkeeping is important for your business.- Assist you during tax and audit season- Reduces burden from the ...
13/03/2023

Reason why bookkeeping is important for your business.

- Assist you during tax and audit season
- Reduces burden from the budget
- Prevents frauds and discrepancies
- Aids in convincing the investors
- Prepares you for the future
- Access to valuable business advice
- Helps save time
- Getting business a loan

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Contact us at: +6013-999 7211

Need help in bookkeeping services?Get the best bookkeeping services now. We handle your essential business offerings so ...
13/03/2023

Need help in bookkeeping services?
Get the best bookkeeping services now.
We handle your essential business offerings so you can focus on growth!

Want to know more?
Contact us at: +6013-999 7211

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