If you’re running a small business, one of the most important financial reports you’ll ever read is your Profit and Loss Statement (P&L).Also known as the Income Statement, it tells you whether your business is actually making money or losing it. In this beginner-friendly guide, we’ll explain what a P&L statement is, why it matters, […]
Profit and Loss Statements (P&L) for Beginners Read More »
In today’s fast-paced business world, small and medium enterprises (SMEs) can’t afford to waste time on manual bookkeeping or risk errors in financial records. Traditional spreadsheets and offline accounting software often lead to data duplication, missed entries, and difficulty in collaboration.That’s where cloud accounting comes in — offering accuracy, automation, and accessibility from anywhere. Let’s
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Running a small business isn’t easy — between managing sales, employees, and customers, accounting often gets pushed to the bottom of the list. Yet, accurate accounting is what keeps your business financially healthy and compliant. Unfortunately, many small business owners make the same avoidable accounting mistakes that can lead to cash flow issues, missed tax
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9 Steps to starting a small business in Canada Are you an aspiring entrepreneur with a fantastic business idea and looking to make it a reality in the Canadian market? Congratulations! Canada is a supportive environment for small businesses, providing a diverse customer base and a welcoming infrastructure. However, before you start, it is crucial
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In retail, point-of-sale (POS) and electronic point-of-sale (EPOS) systems have become essential tools for businesses of all sizes. Both methods have benefits, such as better ways to manage inventory, process transactions, and keep track of customer relationships. However, it’s essential to understand the critical differences between EPOS and POS systems to choose the one that
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Small businesses can get a lot out of internal audits, which help them evaluate and run their operations better. The main goal of an internal audit is to make sure that a company is running its business in a way that is effective, efficient, and in line with all laws and rules. Conducting internal audits
Starting multiple businesses can be a daunting task, but it can also be incredibly rewarding. It gives people more ways to make money, a better balance between work and life, and access to more resources and talent. In this blog, we will explore the Benefits of Owning Multiple Businesses Definition of Owning Multiple Businesses Owning
The Benefits of Owning Multiple Businesses : Maximizing Your Potential Read More »
As an Event Planner, keeping track of finances and bookkeeping can be overwhelming. However, mastering bookkeeping is crucial for the success of your business. In the article “Mastering Bookkeeping for Event Planners” by Alhisab, you will find helpful tips and tricks to make bookkeeping more manageable.The article begins by discussing the importance of tracking expenses
Mastering Bookkeeping for Event Planners: The Key to Success Read More »
1. Difficulty tracking income and expenses: Tracking income and expenses without accounting software can be quite difficult and time-consuming. It typically involves manually recording transactions in a spreadsheet or on paper, which can be prone to errors and difficult to organize and analyze. Additionally, accounting software makes it easier to reconcile accounts, create financial statements,
Problems Caused by not using Accounting Software in Small Businesses by Alhisab Read More »
Your time and energy are valuable resources if you’re a successful female entrepreneur. You have a never-ending list of things to accomplish and a million duties to balance daily. This can make it challenging to concentrate on the important things, like expanding your business and reaching your objectives. One solution to this issue is to
The Power of a Virtual Assistant for Female Entrepreneurs: Achieving More with Less Read More »
