Category Archives: Business Management
Accounting is an important part of life. It is essential everywhere, be it in shops, companies, government departments or even at home. Therefore, good books of account are compulsory. Accounting software is a type of application that records and processes accounting transactions according to the rules and regulations set and takes every transactional entry to the final books like the profit and loss account, the trial balance and the balance sheet.
Owning a small business and being very passionate about it can be really exciting. At least people get to do what they love every day, although they do not find small business accounting to be very exciting at all. And it is one of those chores that can often cause stress, even when you are on vacation. So, how can people make accounting a little more fun and easy around the workplace?
I once went to a seminar where the presenter was Michael Gerber who wrote the ‘E-Myth’. (The ‘E-Myth stands for the ‘Entrepreneurial Myth’ and it is a great book that everyone starting a business should read.) Anyway, at the morning tea break, Michael said to the audience something like: “I want you to go out now and ring your office and tell them you will not be back for a month.” It was a number of years ago and I can’t remember the timeframe exactly, but I can vividly remember the point he was trying to make.