I do several audit and review preparation for my clients which then goes to CPA firms. Having worked in large multinational companies that have an elaborate F&A function I is equipped to see the inconvenience that such review/audits cause in SMEs and what can be done to reduce the aggravation and expenses. Most SMEs consider…
DetailsMost companies do not have written accounting policies and many are driven by the instructions in the accounting software to determine their policies and procedures. Such instructions are insuffucient and depending on it, leaves many firms incomplete in their accounting work. Just like designing an employee handbook that has a firm’s HR policies, firms’ need…
DetailsHave you ever wondered what really happens, when a company makes a loss? Who pays for it? How do loss making companies keep operating? To start, in simple terms – a loss occurs when expenses exceed Sales. You can calculate this on a monthly basis, as is done traditionally when you do the financials. A…
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