A liability is a company’s “promises” to pay to its vendors, staff or other party that provides goods…
Accounting is one of the most important parts of a business. Therefore, it is important to follow…
Every year, the entrepreneur must depreciate his asset by subtracting the depreciation figure from…
Having organized paperwork plays a big part when it comes to maintaining your books. Be it for…
Check out items that appear in your cash book which does not appear in the bank statement. If…
Double entry system is believed to be the most reliable system to record transactions in financial…
These benefits tell you how important proper accounting is. You can engage an accounting service…
Some accounting tasks are so important that must be finished before the year ends, when you…
Cloud based tool saves time on managing information and improves efficiency. If accounting…
Plus, such audit trails add security for your customers and your business. Otherwise, you might…
A petty cash book is created to facilitate small payments in a business or organization. It is meant…
If you wait till tax time, you might overpay your taxes. You can also engage an accounting service…