Bookkeeping by Mehasa Consulting
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…
Managing cash flow properly in the fast-moving world of business can make all the difference in keeping a firm stable in the long term. In this pursuit, one very important factor in maintaining an account’s cash flow is its accounts receivable process or AR. Accounts receivable is money owed to a business for goods or…
In the hectic pace of modern business life, many companies seek ways for efficiency improvement, error elimination, and driving innovation. Microsoft Dynamics 365 is one of the most powerful tools to be able to achieve all of these. It is a cloud-based suite of business applications that gives organizations the tools required to streamline operations,…
Payroll management is one of the most important and expensive accounting functions regarding employee earnings, tax deductions, and payments without violating federal and state regulations. Adequate payroll processing will ensure employee satisfaction, legal compliance, and efficiency in operations. Mistakes bring fines and low morale, which makes it a function requiring accuracy. Many firms use payroll…
Payroll management is one of the most challenging tasks that small business owners face. The task is time-consuming, repetitive, and demanding accuracy. It’s, however, important for the trust of employees and to stay compliant with labor law. Here are 10 essential tips for the smooth payroll management of small businesses. Formulate a Payroll Policy Put…
Operating a business is quite challenging, and no entrepreneur can do it by himself. What lies at the center is always an efficient team of employees; in return for their contributions to the business, rewards in terms of fair pay are expected. Next to a supportive work environment and infrastructure, an effective payroll management system…
