ABC of Accounting – Bank Reconciliation

The importance of bank reconciliation Bank reconciliation plays a pivotal part in the monthly accounts of any company, large or small. Ensuring your bank is reconciled with your accounting package every month is on the top of every bookkeeper and accountants checklist and should be on yours. Making sure your...

Tips and tricks to combine work and family life

In these difficult times, it is all the more important to get work and family life under one roof. For those of us who can work from home, it is important to maintain a structured everyday life. Flexible working hours Many employers already offer their employees flexible working hours so that...

Ways to prevent the spread of the coronavirus

As we all know well, the coronavirus has become a threat that has spread throughout the world and has even become a pandemic according to the World Health Organization. This virus, characterized by its rapid evolution, still hides many unknowns regarding its nature and even its contagion. However, compared to other similar infections, it is most...

Employees – Acquisition and leadership

The motivation of an entrepreneur is not only to run a profitable company, but also to realize an idea and market it optimally for customers. Of course, you should be able to expect the same from the employees and complete identification with the idea and the company. This results in the difficulty...

ABC of Accounting – Accounting accruals

In the accounting terms Accruals can play a big part in a company's accounts. In this article we will explain what accounting accrual is and how to use accruals in our accounting. What is accounting accrual? Accruals are an accounting fact that serves to reflect in accounting the operations in the...

Spring is on it’s way!

March is officially the month spring starts, to be precise March 20th although this year we didn't really have a real winter, a lot of rain though and it's still raining! Clocks go forward Sunday March 29th and the days are starting to get longer and the sun will soon be...

Payment with card or cash?

Today everyone carries at least one debit card in their pocket. We can even see that there are studies that indicate that most of us use a type of credit/debit card for various payments. In fact, the credit card is gaining ground against the debit card, of more traditional use in...

The truth about the cloud

The cloud is a new storage method that has arrived and is here to stay. However, like any novelty, it is possible that there are doubts about its operation, or that we have heard rumors that are not true. Therefore, to introduce you to this new coworker and facilitate its use we will end...

ABC of Accounting – Analytical or cost centre accounting

In this new blog of our ABC Accounting series we are going to discuss the concept of analytical accounting or cost centres. Analytical or cost centre accounting Cost centre accounting has the function of detecting the consumption of costs and distributing them in the operating departments individually, as well as detecting the origin...

Flexible or tailored salary

The evolution of the concept of salary Our salary is the compensation we receive from our employer. Traditionally it has suffered a tension between two opposing tendencies, the one we wish to have in order to feel satisfied in exchange for the work done, and the one that the company wants...