Author: Sylvia Katz

Often many businesses leave the task of organizing their  paperwork for year-end. Businesses need to have proper paperwork to complete compliance reporting and filing. Keeping your business documents in order is not a difficult task if you follow a process. Here are a few tips to make this a little easier: One or two accordions […]

Love them or hate them…..KPI or Key Performance Indicators are a great way of assessing your business performance and creating a strong roadmap for your business growth. KPI’s are very important for analysing your business finances. Financial statements with KPI provide management with relevant, reliable and comparable information so owners-managers make informed decisions. I work […]

As a business owner you should look for the following four qualities when hiring an accountant: Is the accountant professionally designated? Why is it important? What is the accountant’s experience? What is the level of service you will get and need? What personality traits are you looking for or work well for you? Professional Designation […]

Business owners should ask the following questions when choosing accounting program:  Identify what you are looking for out of the software? Basic financial information or variety applications including customer relationship management.  The navigating ease through the program without the technical and experience of accounting. What accounting program is mostly used in your industry?Although software’s are […]

Financial statements are an integral part of business performance indicators. As owners are busy with the day to day operations; financial record keeping and performance reports are left for year-end with tax reporting. Financial statements provide management relevant, reliable and comparable information that will help owners/managers make informed economic decisions. Let’s begin with balance sheet; […]

Cash flow planning is an integral part of business sustainability. Much like the heart in our body, we can’t live without it. Cash flow is the heart of a business; we can’t stay in business without cash flow coming in regularly. What is cash flow planning? Let me begin by providing you with few helpful […]