Entrepreneur's salary and income from the business
A New Entrepreneur's Guide Series - Entrepreneur's Salary and Income from the Business Money accumulated in a company's account does not automatically mean that the entire sum is available for the entrepreneur to use personally. How an entrepreneur can earn income from their business activities depends primarily on their company structure. From an accounting perspective, it is important that the company's and the entrepreneur's assets are handled correctly. In different company structures, the entrepreneur's income is accounted for in different ways. Sole trader's private withdrawals in accounting A sole trader does not pay [...]
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 [...]