How Can I Improve My Business Cash Flow?

October 24, 2017

Cash is king. Accountants know it; every business should accept it. Entrepreneurship is not about how much popularity you get, or how much inventory you can shell out every minute. It’s all about how much cash you have at the end of the day. Cash is like drinking water to businesses. It needs it to …

Will AI Soon Replace Accountants?

October 16, 2017

AI or artificial intelligence has been a growing study in the past few years. Although we won’t be having any terminators walking around soon, the advancements scientists have recently been making are enough to make a lot of employees worry. Unsurprisingly, accountants are no exception to this paranoia. Artificial intelligence, as its name presupposes, is …

What Are The Benefits Of Getting A CPA Degree?

September 24, 2017

It’s a well-known fact that getting those three letters appended on your surname is an uphill battle. However, we still see thousands and thousands of hopefuls lining up to spend almost half a decade of their lives only to be allowed to take the Uniform CPA Examinations of the United States. With more than half …

How Can I Apply Accounting In My Personal Life

September 15, 2017

Accounting is one of the fundamental activities of any business. Without it, a company would be similar to a blind person driving a high-speed car. They may know how to do business, but they would be blind to important signals that Accounting can give them. However, it is not only businesses that need Accounting for …

What are the Most Common Accounting Software Used?

September 8, 2017

Most accountants train to work with the simplest tools that generations of accountants before them used. However, There may come the point in your career that you will work for a company that too large or too complicated to stick by this traditional means of accounting. Luckily, modernization has innovated most of the jobs around …

Accrual Vs. Cash Method Of Accounting

September 1, 2017

As a business grows and prospers, the need for a reliable recording and understanding of their daily transaction becomes more evident. Moreover, the necessity of hiring a professional accountant to apply the fundamental principles of accounting can no longer be ignored. However, before an accountant could even begin to record the very first journal entry, …