As part of the features to look for in a POS system for your business, find one that will improve how you manage operations, make things run more smoothly, increase profits, and enhance your overall business setup. What is a POS system? A POS (point of sale) system allows businesses to make transactions and streamline operations at retail or hospitality…
A profit-and-loss statement is a crucial financial document for any business. Understanding its various components is important, no matter what type of accounting software you use. In this article, you’ll find an overview of the essentials of a profit and loss statement, its significance and types, along with step-by-step instructions for preparing one, complete with examples. What is a profit-and-loss…
Understanding bank reconciliation statements is key to keeping your financial records accurate. This article will show you the basics of bank reconciliation, including how to compare your bank statement with your own records, spot any differences, and make the needed changes. What is a bank reconciliation statement? Bank reconciliation is the process of comparing the balance in your records with…
Every business owner knows that managing finances is key to running a successful business. But even small accounting mistakes can impact your business financially. These owners often manage their finances themselves instead of hiring an accountant. Without expert help or Built, this can lead to more accounting errors. What are Accounting Errors? Accounting errors are mistakes made in the process…
As a small business owner in Ghana, we’ve found that managing HR tasks can be time-consuming and error-prone without the right tools. That’s why we turned to digital HR systems to streamline our operations. Here’s why you should consider doing the same and the tools we’ve found most effective. Why Go Digital with HR? Key Digital HR Tools We’ve Implemented…
Financial reporting has always been a time-consuming task, taking weeks of manual work to collect data, format reports, and check for accuracy. Without the right tools, finance teams struggle with limited resources and late insights, making it hard to make quick, strategic decisions. Imagine creating professional-looking financial reports for your small or medium business (SME) in a fraction of the…
Keeping track of your business’s money can be a headache, but fortunately, technology can be your superhero! Easy-to-use software helps small businesses like yours manage finances, see what’s selling well, and make good choices to grow. WAYS IN WHICH IT MAKES THINGS EASIER No more paper mess! First, information technology solutions like accounting software handle invoices and bank statements for…
The built accounting software is an exceptional tool for managing inventory of business. With its amazing features, the application allows businesses to easily keep accurate records of their stocks. Enhancing proper inventory control at a lower cost. Stock management is a crucial aspect of any business. If stock is not managed effectively, it can cause financial losses. There are instances…
In Ghana, income tax filing is a mandatory requirement for individuals and businesses to comply with the regulations set by the Ghana Revenue Authority (GRA). This comprehensive guide covers the essential details of income tax filing in Ghana. It also emphasizes the importance of compliance with tax laws and regulations. Income tax filing involves submitting an official document by the…