In today's fast-paced business environment, small business owners are often required to wear multiple hats, juggling various responsibilities to keep their operations running smoothly. One critical area that can often fall by the wayside is bookkeeping. If managing your books has become a daunting task, ORT Consulting is here to help. Our comprehensive small business [...]
In the bustling world of business, maintaining accurate financial records is paramount. One critical process that ensures the integrity of these records is bank account reconciliation. At ORT Consulting, we understand the significance of this practice and are dedicated to keeping your financial affairs in order. This blog delves into the benefits of monthly bank [...]
There are few things more rewarding and satisfying than being your own boss. As an entrepreneur you are able to shape your future in ways that are not possible while in the employment of others. However, there are milestones that must be adhered to. One of these is attending to the self-employment taxes for the [...]
Money is a great motivator, which is why financial reports exist. Financial reports must contain truthful and unbiased information, and accountants must create unbiased and accurate financial reports for those who deal with finance in the various sectors of society. Accounting is the legal and moral method to create accurate and honest decisions that will [...]
These basic principles form the basis which modern accounting is based. The best-known of these principles are as follows: The Accrual Principle: The concept that accounting transactions should be recorded in the periods when they actually occur; Ignoring this principle would cause delays in payments. […]
