A doctor’s office is a service-based business in which patients pay for the doctor’s services, and occasionally pay for testing performed as well as medication administered in the doctor’s office. As such, a doctor’s office must maintain accounting records so patients and their insurance companies can be billed correctly for the services the doctor performed. … Continued
Filed Under: Accountant, Business, Finance
The concept of cash flow should first be properly understood for a complete grasp of how to manage and sustain it. The concept of cash flow is fairly simple: your business uses cash to create goods or services for your customers, and you collect the cash back (of course with an increase for profit) from … Continued
Filed Under: Accountant, Business, Business Planner
An audit as explained by Wikipedia is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of organizations to ascertain how far the financial statement, as well as non-financial disclosure, present a true and fair view of the concern. Such a fancy definition for a process meant to detect discrepancies. ‘Audire’ … Continued
Filed Under: Accountant, Business, Finance
A very large number of the world’s adult population earn their living by having to wake up every day and engage in a number of activities that leave them exhausted and yearning for some deserved food along with rest at the end of the day. Professionals such as lawyers, surgeons, dentists, pharmacists, engineers etc. usually … Continued
Filed Under: Business, Business Planner
So, you are a business owner too? I am sure, that one thing as a business owner you DO NOT enjoy is accounting/book keeping and, just like most of them out there, you end up doing it on weekends or late at nights. Yet you carry on because you have an attitude of DO IT … Continued
Filed Under: Accountant, Business, Finance
