IFRS standards, however, permit that certain assets can be revaluated up to their original cost and adjusted for depreciation. A company’s cash flow statement is also prepared differently under GAAP and IFRS. A focus on principles may be more attractive…
To avoid any discrepancies that might mess up your final annual financial statements it’s important to closely monitor the finances throughout the year. We understand that bookkeeping can sometimes fall to the wayside when your business requires dozens of other…
The bank transactions are imported automatically allowing you to match and categorize a large number of transactions at the click of a button. This makes the bank reconciliation process efficient and controllable. Ideally, a bank reconciliation should be prepared periodically…