Business Archives - Page 6 of 11

Sep302019 by Paul LinusNo Comments

Understanding personal bookkeeping for long term expenses

Business

Personal bookkeeping - Most beginning business people and personal bookkeeping do not full comprehend the differences between expenses and amortized assets. This can be confusing, at first, since these are all items that must be paid for and therefore expensed in a business. However, the easiest way to think of the difference in personal bookkeeping is to think that items that must be amortized – fixed assets – are those items that will be contributing to the business over a longer period of time, usually more than one year. Defining an Asset versus an Expense in Personal Bookkeeping Understanding an item that is a simple expense, and therefore doesn’t require amortizing (depreciating the cost of the asset over more than one year) is another approach. Items that are expensed immediat...

Sep262019 by Paul LinusNo Comments

Self-employed bookkeeper tips, small business bookkeeping solutions

Business

How do I keep accounting books for my small business? How do small business keep accounts? Small business bookkeeping: Small businesses may prepare accounts in order to calculate whether or not they are working profitably for their own information just like self-employed bookkeeper, but pre-eminently they do it to comply with the demands of the relevant tax authorities. Accounts are prepared from what are known as “Books of Prime Entry”, which essentially in the small business context, means a “Cashbook”. Greater complexity results when computerized ledgers are used, but the entry point to them is often a “cashbook”. Simply stated in small business bookkeeping guide that a cashbook records the transactions undertaken by each different manner in which purchases are made. Therefor...

Sep122019 by Paul LinusNo Comments

Ten steps to gym business plan

Business

Gym business plan - A robust business start will follow this process to get through the first weeks and months on a solid footing. Here we will discuss some of the great options to gym business plan. 1. Start with the vision – a clear statement of “what we will be when we grow up.” The vision becomes the test for rationality for everything else that follows it. The first question about each of these succeeding steps is “How does this fit with the vision of gym business plan?” 2. Next come the values for like asking yourself: “When you are clear on your values, your decisions are easy.” 3. Next assemble the list of organizational competencies the company will need to reach that vision and build a competitive advantage. Some of the more common competencies in gym business plan a...

Aug122018 by Paul LinusNo Comments

Business Culture in China

Business

China has one of the world’s fastest growing industrial economies, and is playing a larger role in international business dealings than ever before. International companies doing business in China can gain a competitive advantage by familiarizing themselves with China’s unique cultural expectations for business attire, communication, gift giving, greeting ceremonies, and business meetings. Greeting Ceremonies The Chinese greeting ceremony is a unique and time-honored tradition that is vital in making a good first impression. Business travelers can expect to be greeted by several representatives from their company’s Chinese counterpart. The most senior representative will be first in line, and should be regarded and greeted before the others. The remaining representatives will be ...

Jul92018 by Ruchi GuptaNo Comments

Choosing the Best Types of Investments for Your Portfolio and Personality

Business

One of the key challenges of formulating an investment portfolio is finding the best types of assets to include. The types of investments that suit you would depend on several aspects—the main deciding factors being your personality, amount of capital available, and the other investments already in the portfolio. Other deciding factors could also include personal debt. In any case, building a profit-earning portfolio is largely dependent on key decisions given to picking stocks, bonds, and other assets. Here are several pointers to help you determine how best to do that: Invest in Things You Understand Knowing how to invest in stocks doesn’t always come as naturally as one might think. As veteran investors often advice, only invest in assets you understand. When you are browsing f...

Jun62018 by prathik ranjanNo Comments

Finding Accounting And Book Keeping Options for your Business

Business, Finance

When you work for yourself, you face many challenges that you really didn't think about. At first, you are caught up in your ability to make your own schedule, work from anywhere that you are, and not having to answer to anyone. Then reality sets in and you realize you are answering to every client's expectation. You have to manage your income in ways that tend to get confusing at times. There are so many things that keep coming up that you aren't prepared for. You just have to remember that you do have help. There are solutions to every problem that you may have. Finding An Accounting Option There are so many accounting options that when you start looking into them you can get so overwhelmed that you want to throw your hands in the air and walk away. What you need to do first i...