How to Find a Good Bookkeeper? (Top 6 Tips You Should Know Miss)

Businesses looking for a bookkeeper will come across many candidates in the market. However, they must choose the best candidate. There are some methods that businesses can follow to find a good bookkeeper. Though, they must understand the roles of a bookkeeper before finding a good one. What Do Bookkeepers Do? Bookkeepers perform many different […]

How to Find a Good Bookkeeper? (Top 6 Tips You Should Know Miss) Read More »

What Makes a Good Auditor? 8 Points Could Help You To Be A Good Once

An auditor is a professional that is responsible for examining the financial statements and internal controls of an organization. These professionals follow standards set by different professional bodies to help them in the performance of their work. Auditors can be internal or external to a business. While there is a difference between internal and external

What Makes a Good Auditor? 8 Points Could Help You To Be A Good Once Read More »

How to Organize Business Receipts? 4 Importance Tips

Business Receipts These are an acknowledgment of arrangements being done between two parties in consideration for monetary benefits. Consumers generally receive receipts from vendors and service providers from their business dealings. Business receipts need to be documented and recorded as per relevant laws and regulations like the Companies Act, Tax regulations, etc. Furthermore, the period

How to Organize Business Receipts? 4 Importance Tips Read More »

What are pro forma financial statements?

Usually, the financial statements are prepared on the basis of past transactions, which have already occurred. Pro forma financial statements are different from regular financial statements. “pro forma” means: (According to Merriam-Webster) Made or carried out in a perfunctory manner or as a formality Based on financial assumptions or projections Pro forma statements are financial reports are

What are pro forma financial statements? Read More »

HOW OFTEN ARE PCI AUDITS REQUIRED?

Businesses that accept, process, store, or transmit credit card information of customers are required to comply with the Payment Card Industry Data Security Standard (PCI DSS). The PCI SSC was established in 2006 to improve payment card security throughout the payment process. The PCI DSS is a set of security standards developed by the Payment

HOW OFTEN ARE PCI AUDITS REQUIRED? Read More »