Each year, there is an occurrence of Password leaks even on large website which is because of password reuse, and this is usually a serious problem. Most people use very weak passwords and reuse them on different websites. The solution to use strong, unique passwords on all the websites you use is a password manager. There […]
Technology enables companies to streamline their operations and adapt to the latest realities in the marketplace…wait a minute, do you know that staying up to date with the latest technologies is a cornerstone of any successful enterprise; this update provides added credit card security for customers and makes businesses better able to stop data breaches […]
An inventory control system is a technology solution that manages and tracks a company’s goods through the supply chain. If your business sells goods, you may want to explore an inventory control system. These systems keep track of every item in your inventory, ensuring you do not run out of stock, nor you order too much. […]
Are you aware there is a relationship between compliance and growth; businesses that disregard compliance do not stand a chance in the marketplace in the long run. Your track record in this aspect will have keen implications on all the components of your business that are conducive to growth. Basically, while the cost of compliance […]
Have you heard of the economic entity concept? The economic entity concept of accounting requires that you separate business and personal funds. This means you should avoid charging personal expenses to a business credit card. The purpose of this accounting process is to simplify financial statement recordkeeping so that there is a clear breakdown of […]
In an accounting world, one of the first decisions a small business owner will have to make relates to their choice of accounting method. Fortunately, there are only two choices: cash basis accounting or accrual basis accounting. Both have their benefits, and implications. Unless you’re an accountant, it can be tough to figure out which […]
A compliance Audit is defined as a formal review that is used to determine whether or not a company is performing its operations in accordance with a contract agreement. These audits usually focus on the operations of a company or a business, while financial audits, review the company’s compliance with the financial regulations such as the […]
Bookkeeping is so significant to your business in the sense that it forms the bedrock of processing information for your business for the purpose of making decisions by all the stakeholders. Bookkeeping is concerned with the filing of source documents and recording of financial transactions in the books of accounts of your business. We offer […]
According to IDC, global spending on cybersecurity this year is predicted to grow by nearly 10% over 2018, topping $103 billion – with large organizations accounting for almost two-thirds of that outlay. However, expert in some quarters predict the total cost of cybercrime could exceed $2 trillion by the end of 2019. With this, we […]
Technology provides a wide range of tools entrepreneurs can use to guide their new companies through the startup and growth stages of which accounting software is one of. Small-business accounting have been revolutionized by advances in computer technology, and businesses in a range of industries continually adapt to take full advantage of technological developments. However, […]