A Guide for Charity Accounting A charity is an organization that has to benefit the public. It can be a charity educating the underprivileged, removing poverty, or helping with health issues. All in all, it has to be established for the public benefit. Charities must be set up according to the […]
What is Bookkeeping by vathani.W What is Bookkeeping? It is essential to have a bookkeeping system for any business to save that from failing. Bookkeeping is accounting for financial transactions daily to keep the records current. The entries are a double-entry system, either manually or computerized system. Nowadays, a manual method is […]
The difference between Bookkeeping & Accounting When a business is set up and running, two types of staff will perform accounting functions. The one doing the day-to-day transactions and posting to the ledgers will be a bookkeeper. A business cannot run accounting functions only with a bookkeeper and needs an accountant. […]
Easy Steps to Create a Budget for Your Small Business What’s the point of a budget? A budget done correctly is the most accurate tool for analyzing and monitoring your finances imaginable. I am writing this article from my experience and as a help to others. How I hate budgets! I […]
Bookkeeping Accounting Software Essential Requirement of the Organization Any organization needs accounting software, and it is essential to maintain a proper accounting system, The finance staff will find it easy to work with the accounting software. It is a time saver for the finance staff. As a result, the organization will […]