*Why are stakeholders essential in an organization? What are stakeholders? Any individual who has an interest in an organization and the outcome of its activities is a stakeholder. So, it could be employees, shareholders, customers, suppliers, the community, investors, and the government. Different stakeholders have different interests. What is a stakeholder […]
What tips for keeping small business books with Excel? Using Excel for small business accounting is easy, but it will take some time to post all the transactions into Excel. You have to create a spreadsheet to enter your daily transactions. But it would be best to have different spreadsheets for […]
Why is funding necessary for business? Every business needs a funding source to grow; you can receive the fund for long-term or short-term purposes. Funding is essential to set up a business and run and grow the company; you need money to live in the same funds required for business. The […]
What do we mean by internal control cost and firm value? Internal control applies to accounting first; let me discuss maintaining internal control in any business. You understand the business will have many expenses, so when you start the company, you must forecast the costs and prepare your budget showing possible […]
Bookkeeping meaning FiltersThe definition of bookkeeping is keeping a detailed record of the business transactions for a person or business. An example of bookkeeping is documenting monthly bank statements—keeping a systematic record of business transactions. Recording financial transactions and maintaining the financial records support a company’s financial statements. Bookkeeping is only one […]
