Bookkeeping is the recording, on a day-to-day basis, of the financial transactions and information pertaining to a business. It ensures that records of the individual financial transactions are correct, up-to-date and comprehensive. Accuracy is therefore vital to the process.
Bookkeeping provides the information from which accounts are prepared. It is a distinct process, that occurs within the broader scope of accounting.Each transaction, whether it is a question of purchase or sale, must be recorded. There are usually set structures in place for bookkeeping that are called ‘quality controls’, which help ensure timely and accurate records.
The organization and coordination of the activities of a business in order to achieve defined objectives. ...Management consists of the interlocking functions of creating corporate policy and organizing, planning, controlling, and directing an organization's resources in order to achieve the objectives of that policy.
Management is often included as a factor of production along with? machines, materials, and money. According to the management guru Peter Drucker, the basic task of management includes both marketing and innovation. Practice of modern management originates from the 16th century study of low-efficiency and failures of certain enterprises, conducted by the English statesman Sir Thomas More.
Accounting is tremendously important because it is the language of business, and it is at the root of making informed business decisions. Without accounting, managers would not know which products were successful, which business decisions were the right ones, and whether the company was earning money. It would not know how much to pay in taxes, whether to lease or buy an asset, or whether to merge with another company. In short, accounting doesn't just count the beans, it measures a company's success at meeting its goals and it helps investors understand how efficiently their economic resources are being used. This is why companies must be proficient in accounting in order to make good decisions.
The arrangement of work such that the activities of an enterprise are divided among it personnel and duties and responsibilities are allocated • It comprises the formal interrelationship among the personnel by virtue of their duties and responsibilities.
As size of the office is either small or large, it becomes necessary to organize the works or activities in order to achieve the specified objective effectively with minimum cost. Hence, the entire activities of the concern should be divided into many operations or functions (called departments). A proper arrangement of an organization along with office appliances will facilitate a speedy performance of office work. In this way, office organization is based on the organized routine and procedures and continuous flow of work
Tax prep & filing
Tax preparation is the process of preparing tax returns, often income tax returns, often for a person other than the taxpayer, and generally for compensation. Tax preparation may be done by the taxpayer with or without the help of tax preparation software and online services.
Tax preparation is the process of preparing tax returns, often income tax returns, often for a person other than the taxpayer, and generally for compensation.
Tax preparation may be done by the taxpayer with or without the help of tax preparation software and online services.
Business strategy is sometimes defined only as a firm's high-level plan for reaching specific business objectives. Strategic plans succeed when they lead to business growth, a strong competitive position, and strong financial performance. When the high-level strategy fails, however, the firm must either change its approach or prepare to go out of business.
The choice of objectives is the heart of the strategy, but a complete approach also describes precisely how the firm plans to meet these objectives.As a result, the strategy explains in practical terms how the firm differentiates itself from competitors, how it earns revenues, and where it earns margins.