Yearly Archives: 2017

Computerized Accounting

Computerized Accounting
Accounting is a necessary function for any business. All businesses must keep a record of their income and expenses and the records should be as detailed as possible. For some, the idea of spreadsheets, general journal books and ledger sheets is frightening. For these people, computerized accounting could be a welcome relief. The two biggest…
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Stocktake

Stocktake
A stocktake is a count of the business inventory on hand, typically done at the end of the financial year, though some businesses may do it more regularly. Having an accurate idea of the number of stock items your business owns allows your accountant to reconcile physical stock to the inventory records, highlight variances, and…
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4 Reasons to use Thywillonly Services

4 Reasons to use Thywillonly Services
Many business owners are hesitant to hire a bookkeeping service to track their expenses. They may feel it is an unnecessary cost, or some may be uncomfortable giving a third party access to this privileged information. While these concerns are valid, there are many advantages to hiring an outside party to take bookkeeping off your…
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Importance of keeping a good set of accounting records for your business

Importance of keeping a good set of accounting records for your business
Importance of Keeping Accounts Lenders, financial advisers and debt-management firms often advise small firms to employ a double-entry system of bookkeeping to ensure that profits and losses are accounted for in full. Accounting mistakes can be extremely costly, so minimizing errors on the front line is essential. If mistakes go unnoticed, businesses can quickly rack…
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