Bookkeeping

When a company purchases goods or services, there may come a time when they need to return them due to […]

Debtors Turnover Ratio Formula No business can afford to conduct all transactions in cash; thus, making credit available to clients

Keeping track of a company’s financial transactions, organising them for future reference, and creating financial statements is known as bookkeeping.

Financial statements are extremely important from a business point of view. Whether you’re a large scale multinational corporation or a

A contra entry is an entry that is recorded when both the debit and credit affect the same account and

All businesses – big or small – need to maintain fine records of their transactions. As the number of transactions

Regardless of size, every business thrives on the systematic recording of its day-to-day financial transactions. Small business bookkeeping provides small

The double-entry system of bookkeeping is a system in which each transaction is recorded in at least two accounts. This