Sharing the virtual world
At the end of the day, people are going to do business with people they feel they know and trust. While the aforementioned statement may initially seem like a no-brainer, transparency in business is one of the key determining factors for the longevity of a…
The purpose of this article is to help you understand one of the basic concepts of accounting, that is, the double entry principle, which is applied for the purpose of recording business transactions in the books of the entity. Double-entry bookkeeping is a method in…
Brainstorming is a very powerful method of generating lots of ideas very quickly about almost any problem or issue that needs an innovative or creative solution. However, brainstorming is also a very fragile process. It’s meant to be a non-judgmental exchange and list builder that…
Traditional call accounting systems are typically hosted locally within an office or centralized within a group of offices. Data from a key system, PBX, iPBX or VoIP communication servers and gateways is collected and manipulated by call accounting software. The system typically attaches additional information,…
Social media is certainly a big part of our lives now: connecting with family and friends, catching up with your favorite Hollywood artists, watching funny videos, and much more. However, the power of social media goes beyond these simple things. Many businesses have taken advantage…
In 2002, the International Accounting Standards Board (IASB) created a new standard for financial reporting known as International Financial Reporting Standards. These new standards made an effort to unite accounting and financial information around the world. IFRS attempts to globalize the accounting and financial world…
Many people try to establish a business partnership with someone and they get taken advantage of and screwed over! People are overly trusting and naive and believe that a friend or family member is not going to take advantage of them or hurt them. But…
Usually, these companies also claim that they can patent your idea, which is impossible. (Any competent patent attorney will tell you that you can only patent an invention, not a mere idea.) However, even the smartest inventors tend to be drawn in by these alluring…
Home sellers and homeowners who refinance their mortgages often have to endure a single test: the home’s appraisal. If you are selling, you want the highest possible appraised value to ensure that the sale goes through. If you are refinancing, you are probably withdrawing principal.…
With the growing trend of the Internet and online business, eCommerce website design and development has become an important part of B2B and B2C business. E-commerce is electronic commerce that is conducted online and e-commerce websites are the web pages through which online commerce is…