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 […]

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 […]