Accounting Methods
Jennifer edwards Accounting Methods Accounting methods are the set of rules or specific procedures through which a business keeps its financial records and transform these records into financial reports. Accounting methods are…
Chart of Accounts
For a business or a company the chart of accounts may be described as an index or list of those financial accounts that a business utilizes in its accounting…
Accounting Cycle
Understanding an accounting cycle can be one of the most interesting things in the basic accounting. The workflow of accounting is always circular so it is recommended to understand the…
Budgeting Methods: How to choose one for your business
A budget can be defined as a written estimate of the future financial performance of a business, project or a particular financial unit. With the help of budgeting one can…
Bookkeeping
Maintaining the record of financial transactions and financial day to day business activities is called bookkeeping. The basic purpose of bookkeeping is to maintain the financial records of a business…
Expense
Expense can be explained as costs or expenditure maintained by a company for a certain accounting period to earn certain amount of revenues. Mostly expenses are incurred through the operating…
Revenue
Revenue of a company is the total sum of money that a company actually holds. It may be received by providing services of by selling particular merchandise of the company.…