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We often find that Business owners are particularly found their value from the firm of accountants. It is true that preparing statutory...

Small business owners said that bookkeeping was their least favorite task. However, most small business owners understand how important...

In the realm of finance, understanding the difference between debtor and creditor is essential. A debtor refers to an individual,...

What is negative inventory? Negative inventory is a condition that inventory count shows that there are less than zero item in stock....

Because inventory is closely tracked using computer systems, different accounting methods, etc. mistakes in the process can actually...

It goes without saying that accurate and timely physical inventories are one of the most important responsibilities in assuring making...

While single-entry accounting is quick and easy to use, the standard method for recording transactions is double-entry. Double-entry...

The accounts payable process or function is immensely important since it involves nearly all of a company's payments outside of payroll....

Most businesses at some point during their operations will take a loan from a bank or personal financier to help purchase equipment,...

When one thinks of how successful or unsuccessful a business is doing, it’s natural to lean towards the strategic elements of an...

After starting three small businesses, I’ve learned firsthand the headaches that accounting causes for most small business owners. It’s...

Trying to run a business without good financial statements is like trying to call football plays without knowing the information on the...