Why you should keep business and personal purchases separate?
The New Entrepreneur's Guide Series - Why You Shouldn't Mix Business and Personal Purchases? Keeping company and personal finances separate is one of the most fundamental aspects of accounting. However, everyday situations can arise where a business purchase is paid for with a personal bank card or a personal purchase with a business card. In a rush, using the wrong card is a human error, and a single transaction usually doesn't cause problems. If company and [...]
What do the balance sheet figures mean?
New Entrepreneur's Guide series - What do the balance sheet figures mean? Many entrepreneurs first look at the income statement when reviewing financial statements. It quickly shows how the company has performed during the financial year. The balance sheet, on the other hand, is often overlooked, even though it provides important information about the company's financial situation. The balance sheet shows, for example, what the company owns, how much debt it has, and how its operations are [...]
As summer approaches, it's worth checking the company's financial situation.
A New Entrepreneur's Guide Series: It's Worth Checking Your Company's Financial Situation as Summer Approaches Summer brings changes to everyday life for many entrepreneurs. For some, summer means the busiest season of the year, while for others, it offers an opportunity to slow down and take a breather. Even though your own work rhythm changes, your company's financial matters don't stop for the summer. Therefore, before summer, it's a good time to pause and examine where the company actually stands. […]
What does an accountant need for bookkeeping?
New Entrepreneur's Guide series What does an accountant need for bookkeeping? For smooth bookkeeping, it is important that the accountant has access to the necessary information and receipts for the company's transactions. When the required information is provided on time, the bookkeeping stays up to date and a clear overall picture of the company's finances is formed. The items to be submitted to the accountant depend on the company's operations, but certain basic information applies to almost all companies. Bank statements and [...]
Electronic financial management or traditional accounting?
New Entrepreneur's Guide Julia 12 March, 2026 Electronic financial management or traditional accounting Financial management is one of the main pillars of business. When accounting works, entrepreneurs can focus on sales, customer work and growth. When it's not, time is spent looking for receipts, sorting out confusion and stressing out. At some point, many entrepreneurs wonder whether it's worth it to move to electronic financial management or stick with the traditional model. [...]