Why do you need Internal Control in Accounting System?

Why do you need Internal Control in Accounting System?

What is internal control in accounting system and why is it needed?  Internal control in accounting and auditing, is a process for assuring achievement of an organization’s objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies.  You need to have strong internal control mechanism in order to protect your […]

How accounting software help SMEs

How accounting software help SMEs

Sam Lares, a functional consultant for Non-profit organization discusses how accounting software help SMEs or Small and Medium Enterprises improve their business.  He is engaged in consulting and training officers of various non-profit organizations on how to properly manage their organizations and make accurate and timely accounting reports. How accounting software help SMEs Lares  shared […]

Manual vs Computerized Accounting: Which is better in the Philippines?

Manual vs Computerized Accounting: Which is better in the Philippines?

If you are running a business, accounting is surely an important part of it.  Without proper accounting in your business that would give you a lot of trouble in terms of monitoring your business success and also abiding by government regulations.  (View our article on accounting for non-accountants) The accounting cycle of every business includes […]