Accounting has been defined as, by Professor of Accounting at the University of Michigan William A Paton as having one basic function: “facilitating the administration of economic activity. This function has two closely related phases: 1) measuring and arraying economic data; and 2) communicating the results of this process to interested parties.” As an example, a company’s accountants periodically measure…
Tag: Bookkeeping
3 Ways A Professional Bookkeeper Will Save You
Some small and medium business (SME) owners try to do their own accounts or they may employee a bookkeeper directly. This can be fine if you are lucky enough to recruit a good bookkeeper directly, however unless you have an accounting background and a thorough understanding of the accounting software involved, it can be difficult to know what questions to…
Top 5 Bookkeeping Secrets To Get Your Books In Shape
Now that year end and tax season is over, it’s time to sit down and review your books and plans for the next year. I love tax time but not for the reasons you may expect. I love it because it gives me a chance to connect with my clients (I’m a virtual bookkeeper specializing in bookkeeping for Internet Marketers)…