Accounting

Maximizing Your Earnings: Strategies for Managing Business Owner Salary

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Introduction As a business owner, your earnings and salary potential are directly tied to the success of your company. Maximizing this potential requires a comprehensive understanding of the various factors that contribute to business owner salary, from the type of business you operate to government regulations and tax implications. With the right investment and money management strategies, you can not only increase your earnings and salary but also secure a stable financial future. In this …

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accounting for ecommerce companies

Why Payment Reconciliation is one of the most critical business tasks

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Introduction You are focusing on growing your business, getting more users, customers & revenue. However, when you see the balance of your checking account the numbers don’t somehow match up. This is where payment reconciliation plays in. As we know cash is king. Payment reconciliation can be called a kingmaker What is payment reconciliation? Payment reconciliation is a critical process for all businesses. It may sound like a complicated term, but it really just means …

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Backlog & Clean Up Accounting

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You started your venture for growth, not to keep track of numbers. You’ve been scaling your business and keeping your books organized wasn’t at the top of your to-do list. This is where backlog & clean up accounting comes rescue Once the business starts growing the importance of timely numbers starts increasing. Soon it’s realized that in addition to compliance requirements, timely numbers are required to make business decisions, pitching to investors for raising capital, …

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