Keep Track Of Your Money With These Simple Bookkeeping Tips

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Don’t fancy working with numbers and bookkeeping much? Consider cultivating these practices as growing pains you must bear to grow your brainchild. Plus, a strong accounting function can add tremendous value to all businesses, no matter the size of operations.  According to financial experts, an entrepreneur’s financial literacy. Such knowledge of accounting concepts plays a critical role in determining their survival. Besides helping you understand your business’s cash position, bookkeeping lets you stay on top of tax deadlines, including filing for returns. Contrary to popular belief, bookkeeping doesn’t revolve around…

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Should I Decrease My Car Insurance Coverage While Working from Home?

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Now that so many of us are working from home, our daily commutes have been altered drastically. Once we may have been driving over an hour or more to and from work everyday, where now we only stop by the grocery store every week or so. Auto insurance is designed to reflect your current circumstances and cover you from the risks you face on your everyday commute. Well, that commute may not look the same as it once did.  Auto insurance is still an essential financial protection as it covers…

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4 Compelling Reasons to Get Insurance as a Manufacturer

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Manufacturing should be just about the lowest risk activity going, right? Transforming materials into objects should be a very easy thing to carry out according to plan, in theory. In practice, there are lots of hiccups and disasters that can scupper a manufacturer’s best-laid plans. It is important to take out comprehensive insurance in the manufacturing industry. Here are just a few of the reasons why.  Material Inconsistencies Can Cause Huge Disruption A manufacturing operation is reliant upon the materials you can get ahold of. No matter how well-trained your…

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How Does Value Creation Ensure a Thriving Business

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Modern-day businesses compete in highly competitive and volatile environments to acquire consumers and establish brand loyalty. All thriving companies have long histories of struggle and survival and resilience to rise above the noise and stand out.  What differentiates a business from its competitors, mostly when the rival company is selling similar offerings? Value creation is a differentiating factor that allows every individual and organization to succeed by carving individuality. The art of creating value for its customers allows a business to establish its brand identity and engage its audience effectively.…

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3 Key Financial Decisions That Impact Company Profitability

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Profitability is the critical factor that determines the success or failure of a business. It is also one of the significant indicators of the operational efficiency of a firm. But most importantly, profitability defines the return on investments, which is why it hugely depends on the company’s financial decisions. Like any other situation, decision making in an organization is essential to make the best use of available resources. It is essential to pursue and keep up with a significant financial decision because they define the route towards the organizational goals.…

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