Category Archives: Accounting
If You Are Considering A Career In Accounting There Are A Lot Of Choices
Accounting careers open the door to an entire world of options. You can choose from many different types of careers and opportunities. And once you settle on which career or opportunity you’d like to pursue. you have a world of … Continue reading
How To Use Purchase Orders To Track Purchases
A purchase order is a document, commercial in nature, issued by a purchaser to a seller, informing the latter about what type, quantities and price of products and/or services that are agreed for purchase by the buyer from the seller. … Continue reading
How To Generate Pro Forma Financial Statements For A Company
Pro forma financial statements are a process of formally displaying financial projections for a given period of time and in a consistent layout. The word pro forma is derived from the Latin term which means “as a matter of form”. … Continue reading
The Ins and Outs Of A Financial Statement Audit Report
An accounting audit report gives the complete financial perspective of a company, and is prepared at the end of the financial year. This document is of use to all who want an exact picture of the functioning of the company. … Continue reading
Is Your Business In Balance? All About The Balance Sheet
A Balance Sheet is a financial document prepared by a business, organization or individual at the end of a fiscal year or other period, which depicts the assets, liabilities and shareholder equity of the company. Based on the double entry … Continue reading
Understanding Bank Reconciliation
Bookkeeping is fundamental in running your business in an informed way. It is important that you have an organized, transparent and updated bookkeeping system in place. One of the ways to keep track of your company’s books is bank reconciliation. … Continue reading
Understanding Account Reconciliation
When you confirm that the balance in your checkbook is in sync with your corresponding bank statement, it is known as account reconciliation. Any record that you keep regarding your financial transactions with banks, credit card companies, or retail stores … Continue reading
Michael Jackson’s Fiscal Disaster
When you live in Never Never Land, aren’t things supposed to be fun? According to Michael Jackson’s latest financial woes the answer is no. Earning large amounts of money since he was five, how can Michael Jackson have a fiscal … Continue reading
Computerized Bookkeeping Is Fast, Simple, and Flexible
Every business needs to keep good records to ensure bills are paid, obligations are met and checkbook balances match up. Whether it’s a home-based business, a Fortune 500 company or even the business of running a household, well-kept books can … Continue reading
Are You Properly Tracking Your Company’s Stock?
The Capitalization Table provides investors with a bird’s eye view of the sum total of all the different securities issued by a company. It includes the amount of investment that the company has procured from investors and the distribution of … Continue reading