Common Accounting Mistakes Accounting errors can significantly impact both individuals and businesses, leading to misstatements, compliance issues and potential financial challenges. Here are some common mistakes to be aware of: Data Entry Errors: Simple typographical mistakes can lead to inaccurate financial data, affecting reports and decision-making. Failure to Reconcile Accounts:
Accounting Automation What is Accounting Automation? Automation is the use of a software to eliminate most of your manual/ human processes for a better and efficient way of completing tasks almost instantly. It also means using a software to enhance the finance operations. With the world embracing technology, accountants are
Understanding Financial Statements for your Business and Corporate Accounting In a nutshell, Financial statements are reports that demonstrate the financial performance and status of an Organisation for a given period of time. Major components of financial statements are: The Income statement/ statement of comprehensive income: Primarily focuses on the revenue
Digital Lending Kenya Who’s a Digital lender? A digital credit provider is a person who has been licensed to conduct digital lending business through digital lending platforms such as the internet and mobile applications to provide a credit facility or arrangement where money is borrowed through digital channels or other
How do I keep my books accounts and why is it important? What is the importance of Bookkeeping / Accounting? Bookkeeping is a very important aspect for any business expected to thrive in the long term.This is because it is the key guidance to success or failure for any business
Best practices for remote working; Shaping employees and customer experiences Many companies have adapted the concept of remote working in a bid to safeguard their employees’ health and keep business operations running smoothly amid the global COVID-19 pandemic. While this approach is crucial as it seeks to save companies from
