Bookkeeping

Here we share a list of petty cash logs which is printable and downloadable too. The size of petty cash depends on the transactions that each organization has. A small organization that incurred few transactions should maintain a small amount…

Below are different types of debit and credit accounts in financial accounting. Financial reporting communicates a company’s performance to investors, creditors, and regulators. They’re the foundational building block of financial statements. If a business takes out a loan, it receives…

When closing expenses, you should list them individually as they appear in the trial balance. When you close a balance, any Direct Debits you have set up will automatically be cancelled. This won’t cancel the contract or subscription you have…

It is also observed that the challenging nature of debt collection tends to lower employee morale when done in-house. By outsourcing AR, you can let your staff focus on critical growth activities that contribute to sustainable businesses and improving employee…

Nowadays, vendors have started launching mobile-compatible and easy-to-use systems that take no longer than 60 days for implement. The cost of accounting software varies depending on the type of software and the features it offers. Instead of paying an accountant…