Accounting is a necessary ingredient for your business and its foundation is the double-entry bookkeeping system. This system relies on your chart of accounts or COA, which is a listing of all the accounts found in the general ledge that your business will use to record accounting transactions. This article will give you sample chart […]
The most basic term in accounting is DEBIT and CREDIT. This is based on the principle that for everything received there is something partaken with. In this accounting tips article we would try to make it a bit easier for everyone to understand this accounting concept. When it is said to be a debit it is […]
Whenever you hear the term “Accounting” most of you might equate it to Math and very complex principles. However, it is a principle that can be learned quite easily. Since Accounting is the language of business which communicates the financial condition and performance of your company, it is important that as a businessman, you have […]
