MONTHLY CLOSE
Accounting: The Monthly Close. What Is It and Why Do It? Periodically, the business owner and their management team will want to review the company’s performance and assess its financial health. Although most accounting software packages can automatically generate a multitude of financial reports, the software cannot know that all of the required data has […]
ACCOUNTING: CHART OF ACCOUNTS
What Is A Chart of Accounts in Business Accounting? Every business accounting system (whether it be manual or automated) organizes the transactions recorded into accounts to distinguish the types of entries and their relationship to each other. The master list of these accounts is referred to as the company’s Chart of Accounts. The naming and order of accounts […]
ACCOUNTING: CASH FLOW TIPS
Here are a few quick and easy ways to accelerate your company’s cash flow