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What is Bookkeeping?

Bookkeeping

Bookkeeping is the process of recording and organizing financial transactions for a business or organization. It involves tracking income, expenses, and other financial activities, and maintaining accurate records of financial information. Bookkeeping is typically done on a regular basis, such as daily or monthly, and is used to create financial statements, balance sheets, and other […]

What is E-Commerce Bookkeeping?

E commerce

E-commerce bookkeeping refers to the process of recording and tracking financial transactions for an online business. This includes recording revenue from sales, expenses such as website hosting and marketing costs, and other financial transactions such as payments and refunds. The goal of e-commerce bookkeeping is to accurately track the financial performance of the business and […]

What is Bank Reconciliation?

Bank-Reconciliation

Bank reconciliation is the process of comparing the balances in a company’s bank account with the corresponding amounts recorded in the company’s accounting records. The goal of bank reconciliation is to identify and reconcile any differences between the two sets of records. This process helps ensure that a company’s financial statements accurately reflect its financial […]

Types of Accounting

Types of Accounting

In accounting, there are several types of accounts that are used to classify and record financial transactions. Some common types of accounts include: • Asset accounts: These accounts represent the resources owned by a business. 10 example of Assets accounts 1. Cash 2. Accounts Receivable 3. Inventory 4. Prepaid Expenses 5. Property, Plant, and Equipment […]

10 Major Advantages of QuickBooks for your Business.

10-major-advantages

QuickBooks is a widely used accounting software that offers numerous advantages for businesses of all sizes and industries. Here are ten major advantages of using QuickBooks for your business: Ease of Use: QuickBooks is known for its user-friendly interface and intuitive design, making it easy for business owners and employees to navigate the software and […]