24 September 2020
Accounting is the process of recording financial transactions involving a business. The accounting process includes the summary, analysis, and reporting of these transactions to supervisors, regulators, and collectors. Accounting can be defined as identifying, measuring, recording, and communicating financial information.
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18 September 2020
Bookkeepers are responsible for providing accurate and current financial information about a business. They always keep a pulse on a business. Most of the time, their reports are passed on to business owners and managers to help them make decisions...
18 September 2020
Accountants can be tasked with capturing specific transactions or working with specific sets of information. For this reason, there are several broad groups that most accountants can be grouped into. Accountants help businesses maintain accurate...
18 September 2020
Knowing what’s going on with your profit can help you succeed as a freelancer. Whether you use an accountant for tax time or not, it's important to keep your finances in check all year round...
18 September 2020
Even if they may not be required by the IRS, receipts under $75 provide supporting documentation for many of the deductions you may be able to claim. Although they still need to be kept in a file or box in the case of an audit....
18 September 2020
Basic bookkeeping conditions that you must know Accounts payable is the account which is used to track all of the cash that you owe to a third party...
