Category Archives: Accounting
Filing VAT TReturns Online
It contravenes the law for one to evade or even delay in submitting the VAT taxes. Today, the online technology at the Kenya Revenue Authority (KRA) makes it easier and faster, for one to file the VAT returns.
In order to access this online technology, one has to register his/her Personal Identification Number (PIN) online. To register online involves the following steps;
1. Log onto www.krs.go.ke/portal, open Tax Payer Registration link and on the right han......
High Risk Merchant Account suppliers Merchant account suppliers is that the platform that has accounts to merchants. Banks are the traditionally common suppliers of merchant accounts. Besides, there are third party account suppliers and they’re very abundant fashionable with international and online merchants. To become a successful merchant account provider, here are some basics. The supplier has to take the help of minimum 2 alternative entities to accept a account from a client. O......
Virtual bookkeeping is an area that is growing in the western countries like US. What is virtual bookkeeping? It is when a company hires the bookkeeping work to another company that is located offsite or offshore. The benefits tremendously outweigh the downside to this structure of outsourcing. Let’s talk about how this helps companies in the US and other western countries.
When the economy is struggling, it directly affects the bottom line for every business. The highest cost for co......
Consumer Credit counseling is just like the area of Credit counseling, these two fields are related to each other. In simple words these are experts that are well trained in all matters like credit giving and taking and personal loans etc. They are familiar with all patterns that must be used in such methods. These credit counselors offer their services to every one even an individual can hire them and ask them to guide him how he can use his funds properly and still get best kind of outpu......
This article outlines some of the features in the JAZZ-it! financial statement template that help the accounting practitioner in Canada transition from differential reporting to accounting standards for private enterprises (ASPE).
As we transition from differential reporting to accounting standards for private enterprises (ASPE) we need to make a number of changes to the financial statements including:
Engagement report wording
ASPE transition notes
Removal of differential accounting disc......
The ability to correct the wrongs is perhaps the best opportunity that anyone can ask for as it leads to serenity in the conscience, satisfaction and peace at heart for innumerable people. Having said this, not everyone who has another chance is lucky enough to utilize it in the correct manner. Many simply let the opportunity slip. This fits best the ones who file for bankruptcy as they have done so hoping to be able to avail another shot, but they might blow such an opportunity if they do......
In 1987 I read a book titled “The E myth” by Michael Gerber. It was a watershed moment as a young business owners and I wanted my business to run like a McDonalds franchise – just what the author promised if I followed his plan. Well it did not work.
We wrote manuals and check list and all I did was print paper to go into a binder that never got used.
But then I decided to outsource my bookkeeping and accounting in 1998 and we finally ended up with a two solutions in one.
1st ......
Do you run a company of your own? Well if this is the case then you will have to find a certified public accountant for your company who can handle the entire books of accounts of your company along with offering you proper tax consultation. An accountant is a very important part of the company so you will have to be very much careful regarding the selection of this person. There are certain things that you will have to make sure when you find a certified public accountant for your company......
Introduction: This article described the “Net Profit vs. Net Cash Flow” in business Financial Reports. Also this article help business owners to clear understand about the net profit and cash flow. So, how does bottom-line profit differ from cash flow, exactly? Or, more specifically, how do individual transactions affect your company’s reported profits and cash flow differently?
Net income is a great measure of the financial success of your core operations. It shows the......
Acquiring a bank loan or credit card is a tedious task when you are a bad credit holder. If you are looking to avail a loan from a third party or a bank, they will initially check your history related to payments and credit. To check your reliability, your entire credit history will be scanned and loans are allowed only if you are found reliable by them. This is to ensure that you will pay the dues in the stipulated time or not. Based on your payments in the past, the history of credit wil......
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