Accounting

Today here we are going to discuss what is what is annual percentage rate or APR, and to completely know all about these read this complete post. First, APR indicates Annual Percentage Rate that is levied by the bank is levied on the customers when they adopt the bank product or facilities in the form […]

GAAP is a set of accounting principles, methods, procedures that are used by accountants to record and report the financial statement or information. GAAP refers to Generally Accepted Accounting Principles. Financial Accounting Standards Board (FASB) uses these methods and procedures. All these accounting principles are set by the accounting professionals and the SEC peoples.  In

Accounting is that which tells how your business records, organizes, and understands its financial information. It is one of the key functions of all businesses. It can be handled by a bookkeeper or an accountant at a small firm or in large-scale finance departments with the number of employees at larger companies. The reports generated

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 looked at the best payroll services providers. Payroll outsourcing services markets get expanded every year and it is expected that in the future it’s going to multiply in the growth

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 of liabilities in a business;  current liabilities  non-current liabilities contingent liabilities   capital A liability can be done in the past or present by the firm, e.g. fixed asset or current

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 is only to determine how much a company has deep in water that they can pay interest with expenses on its outstanding debts. This ratio method is used for counting

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, budgeting is a simple and secure technique for surviving in the business industry for a long time so that we can’t face financial crises while streaming the business. Concept of

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 of time to develop business growth. In Other words, with old techniques, business took a time to reach its success and execute its plans. It was a time-consuming process. But

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 company. These types of documents are very confidential for the organization and mostly these are used by the management of the organization. It tells you the complete story about the

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 is the advantage by which we can move the end business forward and it is also a hindrance because without eliminating it we cannot grow in business.  Liability is of

Financial statements involve the business activities and those activities make three statements – income statements which include expenses and revenue, cash flow statements which include operating activities, financing activities, and investing activities, and the balance sheet which includes assets and liabilities. A Financial statement is a combination of three statements that define the accurate position