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Accounting is the foundation of every successful business, giving a systematic setup for recording, analyzing, and reporting financial information. From minor startups to big multinational corporations, the principles of accounting back decision-making and ensure honesty in financial reporting.  On this journey through accounting basics, we move from the simple language to the complex theory that will … Read more

The process of accounting is described as the consolidation of financial information that is understandable for the stakeholders and shareholders. In this article, we’ll investigate the significance of bookkeeping to society and the economy, and how it adds to the proficient working of monetary frameworks.  The main goals of this process are to keep a … Read more

Finding new potential customers is apparently at the top of the list for any firm. This is one of those parts of running a business that can seem time-consuming, and expensive. It falls to the bottom of the priority list when you’re trying to focus on activities that will bring in money. Bookkeepers are not … Read more

As the world is becoming a global hub, the integration and reliance on technology is seen to be increasing. The dependency and dependability upon digital and technological forms of integration are becoming increasingly common. This integration of technology and digital transformation is known as the cyber space.  One of the most vulnerable threats is in … Read more

Whether a business is small or large, there is one aspect that does not change for all businesses and those are its accounts. No matter the size of the business, there is a need to keep an account of all the business transactions and records, in order to estimate the financial position of the entity.  … Read more

The catering industry is a diverse field that involves many different specialties. There are a variety of positions, making catering an endeavor that attracts many entrepreneurs. It doesn’t matter if it is a wedding, corporate party an interaction gathering, or anything like that; food plays the most important role which makes it both a profitable and … Read more

The process of classifying, keeping, and organizing a company’s financial records is known as bookkeeping. Maintaining an organization’s overall financial health entails keeping track of transactions and archiving financial paperwork.  This article describes what is bookkeeping, including an overview of the bookkeeping procedure, the benefits of efficient bookkeeping, and how automated accounting software facilitates the … Read more

Bookkeeping is a process of recording all the financial transactions that have occurred in the course of the business.  Bookkeeping is an integral part of every business that focuses on recording day to day business transactions in the books of account. For example, keeping record of purchases, sales, receipts and payments on daily basis.  Accurate … Read more

Bookkeeping means the recording of financial transactions of any business or organization on regular basis. Recording purchase, sales, payments and receipts are the transactions which are documented by an organization Practical tips of bookkeeping. According to Richard Strahler, bookkeeping is an art of “analyzing and recording business transactions, reporting results of business operations through periodic statements … Read more