When an auditor is selected, the next thing is to prepare your company for an audit. Many people consider an audit of the company as an unsavoury prospect. They don’t want a separate third party to go through their books of accounts and find out mistakes. Nevertheless, auditing can act as a control measure and […]
Evaluating company finance is one of the necessities that every organization needs to step in. A business entity’s ultimate goal is to earn a profit, but measuring the cost that gets involved in the entire process is one of the keys to success. The process of financial audit highlights different dimensions of financial sources and […]
Accounting and bookkeeping services of a company may not seem to add value to any organisation, but even the slightest mistake in maintaining the account of the business might result in the winding up of the business. Initially, the accounting functions were considered as an in-house department function and businesses had large accounting departments to […]
If you have just started a business or are expanding your current one, you will require the services of an accountant. Depending upon the scale and your budget, you can avail the services of an in-house Full-Time accountant or a Part-Time accountant. Now, hiring a Full-Time accountant will help your cause, but you must also […]
Insolvency can quickly and quietly sneak up to a business, and by the time you realise it, it might be too late. A company is considered insolvent when it is unable to fulfil its financial liabilities and has debts that exceed the combined value of all its assets. In such a case the business would […]
Setting up a business can be a very daunting task, but when this task is completed, it is not the end of the road. It is vital for a company that should know its value in the market. This will help the management to understand the current workings of the business and will also allow […]
An audit process is one essential that any business entity can’t ignore. Conducting the audit process in the company highlights the high and low domains of a company. It helps the business owners, investors to get a gist of what’s going right and wrong in the company premises. During the audit process, an external auditor […]
Any business is incorporated with the underlying idea that it will grow tenfold in the future and the venture would be a great success. However, due to a mistake in the workings, a shift in the perception of the target market or instability in the business environment, the business might have to face its end. […]
Financial management of a company is crucial as it plays a vital role in the sustenance and growth of the business. However, it can become a nightmare for very successful companies. The more profitable a business grows, the more complicated the financial management of the company becomes. Handling the various invoices, keeping track of the […]
Nobody can refute the various advantages of auditing for a business as it assists the management of the company in various ways. Auditing can prove to be a very essential function for the survival of a business. in the last couple of years, we have seen a rise in the concept of setting up a […]
