Accounting

Payroll Outsourcing services help businesses to grow because they help businesses to pay their employees properly, manage their taxes, and ensure deductions are processed. We… Read More »What are Payroll Outsourcing Service and Its Benefits?

Liability is the responsibility of the business to pay there all the due either to the owner or a third party. There are four types… Read More »What are the elements of various liabilities?

Interest Coverage Ratio is the mathematical way of analyzing the company’s financial health with their paying capacities and abilities. The motive of calculating this ratio… Read More »Understand the meaning of Interest Coverage Ratio

Budgeting is a method to build a financial plan based on existing capital created by the finance department of an organization. If we will see,… Read More »What is budgeting?

The term ERP, you will see in every business. In the past years, different modules were also at that time but it took a lot… Read More »What is Enterprise Resource Planning?

Financial Statement Assertions its name itself tell the complete story of what it meant. Monetary of cash in the reports and confidential documents of the… Read More »Financial Statement Assertions

Liability is a financial obligation that is needed to pay against acquired assets for the company’s wealth. In other words, we can say that liability… Read More »What is liability?

Financial statements involve the business activities and those activities make three statements – income statements which include expenses and revenue, cash flow statements which include… Read More »What are financial statements?

A debtor is a member of financial accounting that continues the flow of transaction of account payable. He/She runs the turnover of the company’s liabilities… Read More »What is a Debtor?

Under accounting terms, Creditors are a source of getting a loan in many ways such as in the form of money, credit card, goods or… Read More »What Is a Creditor?

An auditor is a person who is appointed for another firm especially for analyzing the financial statements of the firm according to the rules of… Read More »Who is an auditor?