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Reconcile Accounts Receivable – Is It a Real Challenge?

The ground rule of any business is to keep a track of money owed by clients as well as maintaining an accurate record of money received from clients, which in turn […]

Reconcile Accounts Payable – Is It a Real Challenge?

Your current liabilities reported in the balance sheet are accounts payable. Now in order to close the books, monthly and yearly, you need to reconcile your accounts payable.

Financial Statements Preparation; But How?

Financial statements are important for making competitive business decisions. It’s not just about the bank statement, it’s more about self-evaluation.

Accountant is of the Business, Bookkeeping is for the Business

To differentiate between Bookkeeping and accounting is like figuring out who said, Vladimir Putin or Tywin Lannister, “It is extremely dangerous to..

What is The Firsthand Purpose of Accounting?

Profitability is the bottom line for any business. Accounting helps in assessing whether the business is doing profits or not. It keeps financial statement…