The Complete Guide to Bookkeeping for Small Business Owners
Here's a dive into small business bookkeeping. What is it? How often do you need to do it? What should you be doing? I’m answering these questions and more!
Bookkeeping Example of Business Transaction, Journal, Ledger, Report
Bookkeeping example of business transactions step-by-step entered into journals, ledgers, reports and cashbook for both hand-written bookkeeping and computerized bookkeeping
Chart of Accounts - CoA examples and free PDF download
The chart of accounts sets out the nominal codes that a business uses for its accounting system. Information on definition, chart of accounts example and PDF
Formula For Cash Flow | Importance | Liquidity, Solvency, Coverage Ratios
Formula for cash flow is an analytical way of investigating the flow of funds. Unless such flow is viewed with a technical eye, no conclusions can be drawn.
5 Types of Financial Statements | Balance Sheet, Income, Cash Flow, + 2
There are three basic types of financial statements viz. balance sheet, income statement, and cash flow statement. Some consider the statement of stockholders equity also. In the true sense, explanatory footnotes should also be called as financial statements. Let's understand each form of financial statement in brief.
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What is Debit and Credit - An Easy to Understand Explanation
Debit and Credit are the fundamental “effect” of each financial transaction in accounting. The effect depends on types of accounts- real, personal, nominal.
Bad Debts | Meaning, Example, Accounting, Recovery, Provision, etc
Bad Debts are those receivables that cannot be collected anymore and hence become our expense. Let's understand them thoroughly.
Cash Flow Management | Definition | Importance | Cash Flow Indicators
Cash flow management refers to the process by which an organization maintains control over the inflow and outflow of funds.
Branches of Accounting | Types - Financial, Cost, & Management - eFM
There are three main branches of accounting which include financial accounting, cost accounting and management accounting. Different accounting branches came into existence keeping in view various types of accounting information needed by different class of people viz. owners, shareholders, management, suppliers, creditors, taxation authorities and various government agencies, etc.
Trial Balance | Meaning, Purpose, Sides, Sheet, Undetectable Errors, Etc
Trial balance is a systematized worksheet containing closing balances of all accounts prepared periodically usually while reporting financial statements..
Accounting Software in Nepal and its Advantages.
An accounting system is a collection of processes, procedures and controls designed to collect, record, classify and summarize financial data for interpretation and management decision-making.
Double Entry Accounting| Features, Rules, Process, Pros, Cons, Examples
In, Double Entry Accounting every transaction has a corresponding and opposite effect of least two accounts.Let's understand it in detail.
150 Expense Categories to Help You Track Your Personal Finances
Don't let overwhelm prevent your from tracking your finances. Here are more than 150 expense categories to help you track where every dollar goes.
Accounting Priniciple | Meaning, List of Accounting Principles
Accounting Principles are the rules and benchmarks in accounting field, a company should follow. Lets understand each in this article.