Principles of accounting

What are Accounting Principles? Accounting Principles are the rules and benchmarks in the accounting field a company should follow while reporting the f

Generally Accepted Accounting Principles or GAAP are the set of accounting principles, concepts, and guidelines that guide the more detailed and comprehensive a

Every business needs to have a list of chart accounts. With that, if you still don't have one, here are some examples you can take into consideration in terms of your business accounting! #chartsofaccounts #accounts #business

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Debit and credit are two sides of the same accounting entry. These are the fundamental “effect” of each financial transaction. For maintaining correct accou

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Here are the major types of accounting you must know about managerial accounting, auditing, financial accounting, etc. For more information visit the link.

Small business owners spend valuable time preparing cash flow forecasts on spreadsheets. Preparing cash flow forecast for various purposes can be tricky. Business owners can benefit from accounting software, regardless of the user’s understanding of accounting principles. Accounting software is gaining momentum over the past years. With the advancement of technology, they are becoming more specialized to cater the needs of businesses. Companies using accounting software can handle loads of…