Usually, I say usually because there is always exceptions to the rule, usually the assets on a company’s balance sheet are divided into two big groups – current and non-current. There’s “assets” and then there are the subgroups that are distinguished by their liquidity. Continue reading
Author Archives: Karl
Referencing in accounting
It’s like you made an entry into your accounts and you had your document for it. How do you connect those two? I mean yes, of course right now you know and after a short while you may still remember the document this entry is made based on, but what about tomorrow or the day after tomorrow? Will you still remember the document? I sincerely doubt it and this is why referencing was invented. Continue reading
How to make sure my accounting is accurate?
Number one thing when it comes to accounting is making sure it’s accurate – all your figures need to add up correctly, be accounted for using compliant measuring procedures and obviously be supported with source documents for all entries. Accounting is keeping proper books about your company’s financial performance. How else would you ensure you’ve really got a viable business for an example? Continue reading
Common pitfalls when it comes to accounting
Making mistakes is first off only human of you honestly. We all do them in our everyday lives and with that in mind you’re no different. No offense. Now, to help you with the most common pitfalls people do, we’ve listed down a few so you’d know what to avoid for sure: Continue reading
Can I use my last year’s Annual Report as a base for this year’s Annual Report?
Yes. I mean why not? Using your last year’s Annual Report is in fact sensible and a smart move to do. Continue reading
Your Annual Report is due soon!
The financial year has ended and a new one just began. For the year that ended you’re now obliged to present an Annual Report. Be the deadline 6 months or 8, depending on your local requirements even shorter or longer, matter of fact still is that you need to prepare it. Continue reading
Preparing your Annual Report using a template
No doubt you’ve considered using someone else’s already final report as a template for yours or a prepaid template provided over the Internet you either found or bought. As it happens, we’ve also made available a template just for this purpose – that you would have the preparation a lot easier with as many tools as we can think of. But nonetheless I’ve heard people ask and even doubt in the efficiency and sense of using those templates. Continue reading