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IAS 33 Earnings Per Share sets out how to calculate both basic earnings per share (EPS) and diluted EPS. The calculation of Basic EPS is based on the weighted average number of ordinary shares outstanding during the period, whereas diluted EPS also includes dilutive potential ordinary shares (such as options and convertible instruments) if they meet certain criteria.

#entrepreneur #accounting #financial #management #budget

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#accounting #bookkeeping #entrepreneur #amazonfba #small business #ecommerce #social media #doctor who

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Remote bookkeeping saves costs for small businesses by:

1. Reducing overhead expenses like office space. 2. Accessing specialized talent at potentially lower rates. 3. Offering flexible arrangements, avoiding full-time hires. 4. Cutting training costs with experienced remote professionals. 5. Saving time for core business activities, leading to increased productivity and potential revenue growth.

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Five concise tips for effective bookkeeping: 1. Stay organized: Keep records systematically arranged. 2. Regular entries: Record transactions promptly and consistently. 3. Monthly reconciliation: Match records with bank statements to spot discrepancies. 4. Separate finances: Maintain distinct accounts for business and personal expenses. 5. Use accounting software: Employ tools like QuickBooks or Xero for streamlined bookkeeping. #bookkeeping #bookkeepingtips #bookkeepinghelp #bookkeepingservices #bookkeepingforsmallbusinesses #bookkeepingforcreatives #bookkeepingandaccounting #bookkeepingforsmallbusiness #tipsandtricks

#accounting #bookkeeping

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https://www.linkedin.com/company/100920476/admin/feed/posts/

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#Common_bookkeeping_mistakes for small business owners include mixing personal and business finances, irregular recording of transactions, failure to reconcile accounts, lack of documentation, and ignoring tax obligations. To avoid these errors, maintain separate finances, record transactions accurately and consistently, reconcile accounts regularly, keep thorough documentation, and stay informed about tax responsibilities. #bookkeepingtips #bookkeepinghelp #bookkeepingservices #bookkeepingandaccounting #bookkeepingforsmallbusiness #accounting #accountingtips #accountingservices #accountingchallenges #cloudaccounting #erp #erpsoftware #erpsolutions #erpconsultant #erpimplementation #erpsoftwaresolutions #xero #xerocertified

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IAS 2 Inventories contains the requirements on how to account for most types of inventory. The standard requires inventories to be measured at the lower of cost and net realisable value (NRV) and outlines acceptable methods of determining cost, including specific identification (in some cases), first-in first-out (FIFO) and weighted average cost.

A revised version of IAS 2 was issued in December 2003 and applies to annual periods beginning on or after 1 January 2005.

#Accounting#IAS#bookkeeping#Inventory#cloudaccounting#virtualCFO

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System accounts In Xero

Xero uses these for specific accounting functions such as accounts receivable and payable, and reporting. You can post transactions and manual journals to certain system accounts, like historical adjustments or retained earnings. You can also edit the account names and codes, but you can't delete or archive the accounts themselves.

#accounting #bookkeeping #entreprenuership #entrepreneur #amazonfba

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"Hey ecommerce entrepreneurs!

Don't overlook the importance of #bookkeeping for your online business. It's key for financial management, tax compliance, performance analysis, and more. Stay organized, stay profitable! #ecommerce #smallbusiness #finance"

#accounting

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#accounting #project xero

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https://www.linkedin.com/company/qr-remote-accountants/about/?viewAsMember=true

#accounting #bookkeeping

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#accounting #bookkeeping

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Add the files email address as a contact in your email service provider. Then you can quickly forward attachments to Xero. If you frequently receive attachments like phone bills, set up a rule in your email account to auto-forward those emails directly to the organisation's file library Inbox

#accounting #accounting services #bookkeeping #project xero