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Tag Archives: Finances

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July 29, 2022
by in Bookkeeping, Tips

Tips to have an organized accounting during 2022

Una auditoria es algo que toda empresa puede experimentar en algún momento; ante la expectativa de una auditoria es normal preocuparse al no saber cómo funciona y que esperar exactamente. Una vez superada la primera, la próxima será menos complicada. La auditoría contable consiste en evaluar las cuentas de una compañía en un periodo de tiempo establecido, y el objetivo de este, es autenticar la fiabilidad de la información contable y financiera de tu empresa.

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July 22, 2022
by in Contabilidad

Solvency and liquidity Its importance in strategic decision-making

Una auditoria es algo que toda empresa puede experimentar en algún momento; ante la expectativa de una auditoria es normal preocuparse al no saber cómo funciona y que esperar exactamente. Una vez superada la primera, la próxima será menos complicada. La auditoría contable consiste en evaluar las cuentas de una compañía en un periodo de tiempo establecido, y el objetivo de este, es autenticar la fiabilidad de la información contable y financiera de tu empresa.

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July 8, 2022
by in Budget

Am I managing my company’s budget correctly?

Building a company is not an easy task, as a small business owner (SME) being at the head of all departments is hard work, and while “trial and error” is a way to learn, it is better to have the support of experts who can guide you in this process. Establishing and managing your budget goes beyond filling a spreadsheet with financial information, you must have leadership, vision, and a clear strategy.

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June 28, 2022
by in Tips

Tips for planning your Company Finances 

Nowadays, it is very important to know how to manage finances in business, it is usually a bit confusing when applying these guidelines to the company, mainly because when we start, we do not know general accounting and planning business finances presents a challenge. Here we give you some tips that will undoubtedly help the planning and execution of a healthy financial plan.

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June 17, 2022
by in Business, Tips

How often should a financial report be received?

To talk about this topic, let’s start by defining what a financial report is, and the importance it has when making decisions within a company. A financial report is a document that contains data such as cash flow, profit and loss, assets and liabilities, investments, capital, and reserves. The report is constructed by gathering documentation which is recorded for a certain period. In the financial field, there are several types of reports, from an overview of the financial status of the company, to a report to know the status and nature of a specific accounting movement. For example, the BALANCE SHEET will allow you to know the economic situation of your company on a specific date, while the PROFIT & LOSS will let you know in detail the origin of your income and the expenses incurred in a period. Additionally, the CASH FLOW will help you to know the payment capacity that the company has, making it easier for you to evaluate its performance.

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May 6, 2022
by in Bookkeeping, Contabilidad

Should I have an accountant always present in my company?

Without a doubt we all know that the work of the accountant is key in the growth of any company, whether it is an inhouse accountant or outsourced, it is essential to have a trained professional who directs and supervises the processes in the accounting area. Nowadays there are several options you have as an entrepreneur for the management of the accounting of your company, and thus ensure that this process fits your needs.

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July 16, 2021
by in Bookkeeping

S Corp vs. LLC

Technically, no, an S Corp is NOT a legal entity. It is a tax election. “Omg, what!?”

The most common legal entities for freelancers / small biz owners are Sole Proprietorships and Limited Liability Companies (LLCs), which are very similar aside from the fact that an LLC gives you liability protection for your personal assets and a Sole Prop doesn’t.

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