December 2022

Anyone who thinks about investing will be warned Bookkeeping for Startups about different types of financial risks, such as currency risk and methods to mitigate them, such as hedging. Financial risk is something that businesses are exposed to, and shareholders and potential shareholders must be aware of this. Managing financial risk is crucial for individuals …

Business Risk Definition, Business vs Financial, Tools Read More »

For example, posting an equipment purchase as an operating expense is incorrect. Asset purchases belong on the balance sheet, not with day-to-day operating expenses on the income statement. Accounting Errors refer to the common mistakes made while recording or posting accounting entries. Companies can easily identify these mistakes while tallying accounts and can rectify them …

Correcting Accounting Errors Made Easy: Step-by-Step with Real Examples Read More »