All financial information you need to manage your business

What is a General Ledger Account?

A general ledger account is a record in a company's financial accounting system

Differences between Cash Basis and Accrual Basis of Accounting

Cash basis and accrual basis are two different methods of accounting that companies use to record their financial transactions.

What are the Differences between Debtor and Creditor

Debtor and Creditor are two commonly used terms in accounting and finance.

Owner's Equity: What it is, How to Calculate and its Components

Owner's Equity refers to the residual interest in the assets of a business after deducting its liabilities.

10 Reasons Why Vision and Mission Statement is Important for Business

Vision and mission are important declarations stated by a business on how to achieve its aims and objectives.

Business Plan: Definition, Benefits, and How to Create

A business plan or business plan is a business plan set forth in a document.

What is Double-Entry Accounting?

Double-entry accounting is a method of bookkeeping in which every financial transaction is recorded in two or more accounts.

The Differences Between Bookkeepers and Accountants

Bookkeepers and Accountants have a close relationship and have the same goals but have different roles.

10 Reasons Why Busineses Needs Accounting

Bookkeeping or accounting is the process of recording, classifying, and summarizing financial transactions to provide useful information in making business decisions.