Bookkeeping by Mehasa Consulting
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….
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…
Are you running a hospitality business with poor financial management? No need to worry! Proper accounting forms a basis of any business success and, definitely, no less in hospitality. It has become way easier to achieve the maximum of your financial efficiency with help. It matters not whether you opt for your in-house accounting staff…
To a small business owner, account reconciliation is perhaps the most critical thing in order to ensure a good health check in financial matters. This might not be one of the interesting tasks while running a business, but completing it at an appropriate time period will keep accounts accurate and safe. Account reconciliation helps match…
Managing the financial activities of any business has graduated from archaic manual bookkeeping to sophisticated digital solutions in today’s fast-paced business environment. One of the innovation trends that businesses are fast embracing is the concept of a virtual accountant. This approach to financial management transforms it and enables numerous advantages for any company regardless of…
Legal accounting is such a difficult topic even to lawyers that have the practice with handling legal cases like everyone’s business. So much more lawyers that handle case procedures like nobody’s business end up not having known or being familiar with any thing about accounting principles, just because accounting is normally out of what lawyers…
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