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November 10, 2017 by zibmedia Leave a Comment

A doctor’s office is a service-based business in which patients pay for the doctor’s services, and occasionally pay for testing performed as well as medication administered in the doctor’s office. As such, a doctor’s office must maintain accounting records so patients and their insurance companies can be billed correctly for the services the doctor performed. … Continued

Filed Under: Accountant, Business, Finance

October 23, 2017 by zibmedia Leave a Comment

The concept of cash flow should first be properly understood for a complete grasp of how to manage and sustain it. The concept of cash flow is fairly simple: your business uses cash to create goods or services for your customers, and you collect the cash back (of course with an increase for profit) from … Continued

Filed Under: Accountant, Business, Business Planner

September 28, 2017 by zibmedia Leave a Comment

An audit as explained by Wikipedia is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of organizations to ascertain how far the financial statement, as well as non-financial disclosure, present a true and fair view of the concern. Such a fancy definition for a process meant to detect discrepancies. ‘Audire’ … Continued

Filed Under: Accountant, Business, Finance

September 18, 2017 by zibmedia Leave a Comment

A very large number of the world’s adult population earn their living by having to wake up every day and engage in a number of activities that leave them exhausted and yearning for some deserved food along with rest at the end of the day. Professionals such as lawyers, surgeons, dentists, pharmacists, engineers etc. usually … Continued

Filed Under: Business, Business Planner

August 24, 2017 by zibmedia Leave a Comment

So, you are a business owner too? I am sure, that one thing as a business owner you DO NOT enjoy is accounting/book keeping and, just like most of them out there, you end up doing it on weekends or late at nights. Yet you carry on because you have an attitude of DO IT … Continued

Filed Under: Accountant, Business, Finance

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