Maintenance of Computerized Financial Accounts

Book keeping is a term that refers to the maintenance of the accounts of any individual or organization. It is an art that has been perfected over the years. An activity that has been going on for a long time, book keeping plays a significant role in determining the performance of a project or an organization as a whole. Correctly maintained accounts serve as the major tool to business analysts and investors to evaluate the performance of the company.

The government, of course, is another key stake holder in any business activity that takes place within its area of jurisdiction. There are two obvious reasons for any government’s interest in the accounts of any major corporation or any other business entity working in the SME sector.

Microfinance for Small Businesses

Microfinance refers to the finance that is made available to all sorts of different entrepreneurial and small business ventures. Varying from case to case, these finances may be in the form of either a loan or an investment in the ownership of the company.

The underlying difference between microfinance institutions and regular financial establishments is that they specifically target small business ventures. The major clients of any conventional corporate bank are mainly large corporations. Even if these banks deal in the SME sector, they refrain from lending out loans to new small businesses and prefer established medium sized enterprises over them.