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Accountancy Bookkeeping

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Good accountancy bookkeeping practices

Unless you are an accountant, you most likely didn’t go into business to spend hours each week doing bookkeeping. Nonetheless, all small businesses must deal with the financial side of its operations and must do it well if they want to stay solvent and in the law’s favour.

Hiring a professional accountancy bookkeeping service can make financial sense as well. Good accountants have education and skill to get things done right, plus they know the shortcuts. Furthermore, it’s their job to keep up on the latest laws and statutes. This is especially important come Self-Assessment and Audit time, where a change in law could mean thousands of naira in refunds – keeping you safe from audit.

The Basics

Understanding the basics of accountancy bookkeeping can make the difference between success and failure in so many different areas of life. Financial reports, balance sheets, reconciling bank statements – and the ability to create, interpret and implement them – are all tools we can’t afford to ignore.

 

  

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