Accounting is the least of medical students’ worries as they work their way to becoming full-fledged medical practitioners. Nevertheless, accounting remains a critical part of their life as these new doctors start up their own medical practices. A medical practice such as a clinic is no different from other businesses, and as such, a working knowledge of accounting is required if things are to run smoothly. It is not unheard of for fledgling doctors to get into financial trouble because

In an earlier article titled “6 Essential Benefits to Outsource Accounting Operations!”, EA highlighted the many benefits businesses can reap by opting to hire an accounting firm to handle their accounting needs. Hiring an accounting firm is a major step for a business. It signifies that the business has now grown into something far greater than when it began and can no longer be held up solely by the core team. The decision to seek help from an accounting firm

Accounting is a tedious yet integral function in a business. For small businesses, the popular approach most entrepreneurs take is to get all the accounting work done themselves. While this is a viable strategy when starting out, it is unsustainable in the long run and can actually create long-term problems for the business. Is hiring an accountant worth it? Accounting is an unforgiving affair, where even the smallest of mistakes carry the risk of snowballing into a big problem. While

Accounting is often regarded as the “language of business”. It is a track record of a company’s revenues and expenses and assets and liabilities. An affordable accountant may perform daily finance-related tasks that may include collections, cash application, bookkeeping, billing, payroll processing, etc. Well-versed accountants can tell a lot about a company just by looking at its accounting records. They are someone whom business owners can trust for their accounting needs. They can manage the entire accounting department so that