Author: Brent Bray

Accounts are one of the major subjects in Business school and you can even pursue your Master’s degree in accounting and finance. Since the education sector works towards forming our basis in the practical world in each field, business being the one here, the college degree comprising of the accounting subject and putting such emphasis on it clearly helps to determine its importance in the field of business. But why is there actually a need for accounting service in any Business? Find out by reading on.What are such Accounting Services?Tax services Bookkeeping services Consultancy and advisory services Audit and assurance servicesWhy are these necessary?Business structuresA layman’s viewpoint suggests that accounting is mainly the world of counting and ...

Before the 1930s the worlds currency, and pretty much any good or service that was bought or sold, was judged against gold – the gold standard. So rather than comparing the Japanese Yen to the US Dollar, both were compared to how much gold they were worth. The Great Depression in the 1920s really saw the end of the gold standard. Read here: https://www.investopedia.com/ask/answers/09/gold-standard.asp Then in the 1930s it became illegal in America for a member of the public to actually own gold bullion. The idea of stuffing a mattress full of cash may not have been so farfetched – the economy was suffering and anyone who held gold in a physical format was meant to hand it in to the American government for a cash payout.  Although likely a certain amount would have been converted into jewe...

Small business solutions If you own a small business, you know that cash flow can sometimes be a challenging issue. This is especially true for start-up companies with new clients. New businesses often find it difficult to operate if they have clients who cannot pay upfront for products or services rendered. These companies must rely on invoicing customers for 30, 60, or sometimes even 90 days to receive full payment for services and/or products. This can result in operating and cash flow challenges. The solution to this challenge is to acquire the services of a company that can provide invoice factoring for unpaid customer accounts.Cash flow issues resolved immediately Many small companies no longer have to worry about the cost of waiting to receive invoice payments from their custo...