Bookkeeping by Mehasa Consulting
As a business owner, you have a critical choice to make: Are you just going to let your business in today’s cutthroat marketplace just exist, or help it actually thrive? But among all the strategies that can shoot your business to the stratosphere, one thing that should be on top of the list is outsourcing…
Business growth often involves complex challenges for a business owner: marketers engage in marketing and client networking, product development professionals craft products, while business persons manage the entire system as a whole. But such a list of duties often has to leave out bookkeeping-the drudge work of management-which is so dull but so time-consuming, resulting…
Accounting is very crucial to the success of a business. Being viable in the long term and growing requires proper financial management. Without a good accounting framework, the ability of a business to manage its finances, prepare financial statements, and communicate information to interested parties like investors, banks, and regulators can be affected. In this…
In the fast-moving and competitive hospitality industry, one needs to have a very good understanding of financial management if he or she wants to run a successful hotel business. Knowledge of the finer details of hotel accounting will be essential to maintaining profitability, controlling costs, and ensuring operational effectiveness. How Does Hospitality Accounting Differ? Hotel…
With such pace changes in technology, there is a trend that all the sectors’ organizations have preferred to make use of software to enable efficiency in streamlined operations and maximum productivity. The accounting world has also undergone tremendous changes primarily with the use of cloud-based tools such as Xero accounting. This super software enables companies…
Most businesses nowadays will hit a point in their development wherein home-based markets are not growing that fast to meet the aspirations of the business. At such a point, many look overseas as an avenue through which expansion can be accelerated through additional sales, expansion of the customer base, or tapping into possible overseas markets….
Cash flow forecasting is an aspect of financial management that is as essential for businesses like Mehasa Consulting in maintaining smooth-running business operations, which do not fall into the financial traps. Cash flow forecasting predicts where the company’s money comes from and how much it spends, creating very valuable information that drives shrewd business decisions….
This is one of the most crucial decisions in today’s fast-changing business landscape – to hire an in-house accountant or a virtual one. Technology and automation have made it possible for businesses to have a flexible and cost-effective financial management system. The choice between having either an in-house or virtual accountant would have significant implications…
Year after year, companies provide financial statements to analyze the overall performance of a firm in its financial status. Balance sheets and income statements form most of these statements that paint an accurate picture of a firm’s financial condition. However, interpreting the raw figures in many such statements is sometimes tough for various stakeholders. Financial…
Maintaining healthy cash flow is a matter of prime importance for operational efficiency as well as long-term stability in the world of business finance. One of the most important ratios that businesses can use to measure their cash flow effectiveness comes in the form of the Accounts Receivable Turnover Ratio, also known as the ART…
