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Blogs

01 Oct

Posted at 16:34h in Blogs

First Lets see what is Internal and External Audit Means: What is an Internal Audit? Internal audit implies the department positioned within a business that supervises the efficiency of its processes and controls. The internal audit function is particularly essential in larger organizations with high levels of...

08 Sep

Posted at 05:39h in Blogs

Monetary unit assumption affirms that only transactions which can be computed in financial terms are documented in a company’s books of accounts. If a transaction cannot be articulated in dollar value, it should not be incorporated in the company’s financial books. It is believed to...

08 Sep

Posted at 05:22h in Blogs

Strategies for Transparent Organizational Finances, We live in a globalised world where there is larger interconnectedness between people in addition to borders. People now anticipate organisations and businesses to demonstrate ways that better transparency can be accomplishd. Transparency mustn’t be an afterthought when looking at ways...

22 Aug

Posted at 22:51h in Blogs

The term Profit and Loss Statement implies a financial statement that encapsulates the revenues, costs, and expenses sustained during a specified period, generally a quarter or fiscal year. These records offer information about a company's capacity or incapacity to produce profit by surging revenue, decreasing costs, or both. P&L statements...

19 Aug

Posted at 17:11h in Blogs

Develop and Improve Accounting Systems, A consistent accounting system is fundamental for a company’s success.  It’s substantial to trace what’s going in and out of your business accounts, whether it’s a small or a big firm, to keep a record of all your incomes and...

30 Jun

Posted at 17:48h in Blogs

Accrual Accounting vs. Cash Basis Accounting Which one you should choose as your business develops, your financial data grows more intricate. Griping business accounts in spreadsheets becomes perplexing, time-consuming, and inclined to errors. The growing business generates a necessity for a scalable accounting solution. To acclimatize...

16 Apr

Posted at 12:53h in Blogs

Let's See How Accounting Methods for an Online Business Helps in their growth? Online businesses, at all times, enjoy an excellent level of success. Even much more so since the Covid pandemic. With no distinct mode of buying the things they desire or require, consumers have...

07 Apr

Posted at 10:23h in Blogs

Asset and Liability Management (ALM) is a method used by financial institutions to diminish financial risks emerging from a variance of assets and liabilities. ALM strategies utilize an amalgamation of risk management and financial planning and are generally used by organizations to administer long-term risks...