Accounting Services

  Have you ever racked your brain wondering where accounting ends and bookkeeping begins? Well, you've come to the right place. In this blog, we'll walk you through the key differences between bookkeeping and accounting so you can feel confident investing in the right services for you and your business. Both bookkeeping and accounting are important pillars for the financial success of a business, but they perform two slightly different tasks: Bookkeeping Bookkeeping focuses on keeping an accurate track of a company's cash inflows and outflows. It's about the day-to-day flow of money and keeping finances on track. In recent years, accounting software like our popular Xero has allowed business owners to reclaim the time they would have otherwise spent on bookkeeping. With the click of a few buttons on a smartphone, people can access and update their financial data from anywhere in the world. This is key to being able to focus on accounting, which is about the big p...

  Do you know that working with an accountant can make a big difference to your business? Well, if you are one of those whose business means everything to them, hiring a professional is essential. Certified public accountants, or CAs, are financial experts who can help create a more stable position for your business to work from. Whether it's a small business or a startup, it's important to find a chartered accountant who is the best fit for your business. Hiring a qualified accountant means bringing on board an accounting expert who can offer great benefits. From keeping the books to providing business management advice, accountants can help in many ways. And as a business owner, the services you need are most important. You need to make sure that the professional you hire is the right one for your business. Here's everything you need to know about working with CAs. Why should you hire certified accountants? Hiring certified accountants to look after your business...

Imagine you are running a lemonade stand. To run your business, you need to know two things: the fixed costs and the variable costs associated with your product. What is a fixed cost? A fixed cost is an expense that is independent of sales volume. For your lemonade stand, the fixed costs are rent, wait staff salaries, advertising, electricity, phone bill, etc. To schematize, all these charges at the second level of the income statement. Let's say your fixed costs are sixty francs a day. On your first day on the job, it doesn't matter if you sell a glass of lemonade or a hundred: the fixed costs won't change. In reality, in practice, the fixed costs increase step by step. In addition, fixed costs are often referred to as overheads or ACEs (other operating expenses). Of course, if you decide to open a second booth on your second day, your fixed costs will change. Visit also: Outsourced accounting services firms in Canada What is a variable cost? Variable costs a...

  Determining Salaries Etymologically, the salary comes from the word “salt”. Indeed, before the introduction of the currency, salt was used to pay for work or service provided. Salt could be exchanged for goods and services. Today, no one is paid in amounts of salt anymore, but the issue of wage negotiations remains important. During the hiring process, a candidate goes through many phases before arriving at the time of negotiating salary and other working conditions. It is therefore a matter of agreeing on a given remuneration between the two contracting parties, namely the employee and the employer. Visit also: Payroll outsourcing services for accounting firms In Switzerland, at the federal level, no minimum income is set by the government. It is the negotiations initiated at the time of the engagement between the employer and the employee that determine the level, terms, and composition of the salary. Obviously, ...

  The main advantage, really the big advantage of using this procedure is really of a financial nature, that is to say in order to avoid having to immobilize or avoid the flow of money which can have a strong impact on the cash flow. -flow). Example: A building is sold for CHF 10,000,000 with VAT. In a classic case, the seller (alienator) will have to send an invoice to the buyer for CHF 10,000,000 + VAT at 7.7%. This taxable delivery will have to appear as opted turnover in the VAT statement (figures 200 and 205).   The buyer, for his part, will have to pay 7.7% VAT on the purchase of the building. This preliminary tax can then be possibly recovered in the buyer's VAT statement, depending on the use of the building that he makes of it (taxable turnover resulting from rentals with VAT or excluded turnover resulting from rentals without VAT). In this classic case, there will be a huge flow of money of CHF 770,000. - (= 7.7% VAT on C...