The term “trial balance” may sound unfamiliar to most people, even to some who work in accounting. In fact, the trial balance is one of the essential elements in bookkeeping.
If you are running a small business online by selling products and services via Facebook, Instagram, Mudah, Lazada, Shopee, etc., and you have developed your own brand. In that case,
Ask business owners what the term “Cost of Goods Sold” (COGS) means, and I am sure many would hesitate before answering. Business owners do know what it means, but it
The definition of “Cash Flow” is the amount of cash or cash-equivalent that your company receives or gives out, and analysis of the cash flow of a company can give
Transfer pricing is an accounting practice that represents the price (based on market prices) that a parent company charges another division, subsidiary, or holding company, for goods and services rendered.
Accounting in any organisation is vital to ascertain profitability and growth. However, businesses that still use the manual bookkeeping method are opening themselves to a host of errors and financial
Bank reconciliation is one of the essential ways of maintaining control of your business. Regardless of the size of your business, it is a crucial part of the accounting system
A good accounting system is at least as vital for small businesses as it is for large ones. Establishing one will give you the tools to monitor expenses, record deposits
Businesses of all sizes and in all industries are increasingly embracing cloud accounting as a way to save time and money in the accounting process. For many companies, moving to
More and more SMEs are switching from traditional desktop and manual accounting methods to cloud accounting. Thanks to its improved security and accessibility, that allow users to collaborate and communicate