Numeric Eight Blog

Essentials: P&L Statements vs Balance Sheets

Thursday, March 07, 2019

What is a Balance Sheet?
A balance sheet represents the financial position of the company on a specific date.
It enables readers to understand the entity's financial stability, liquidity and solvency. The balance sheet is prepared on the basis of the balances transferred from the P&L account. 

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How do you choose the right accounting software for your business?

Thursday, October 04, 2018

Choosing accounting software can seem like an impossible task. All accounting software claims to be easy to use and as a business owner, that’s what you want to hear. But even the simplest system can result in a steep learning curve if you’ve never used it before. 

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Stuffed in a shoebox or super organised – how are your accounts?

Friday, September 07, 2018

For most business owners, doing their accounts is sheer drudgery. It also takes them away from what’s important – growing their business and spending time with the ones they love.

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