Complete Guide to Computerized Accounting System: Types & Benefits
Nowadays, the accountants no longer use a pen and pencil to record transactions in a ledger book. Now it is the era of digitalization, and everyone is using modern computers for this purpose. Computerized accounting systems are also becoming quite common, as complex financial transactions are very hard to enter manually in a book. A […]
Working Capital Management: Meaning, Ratios, and Tips
Working Capital is the main lifeblood of every business. It is the only factor that helps businesses pay their suppliers and promote company growth. But many businesses are struggling to meet the financial requirements in their daily operations. Certain problems, like delayed payments from customers or having too much stock, can affect the ability to […]
Accounting vouchers: Definition, Benefits & Types of Vouchers
A voucher is proof that a financial transaction has been made. It helps us track how much money is received or paid, and it ensures that every transaction is recorded correctly. Many types of vouchers are available in the market, like receipt vouchers, payment vouchers, journal vouchers, contra vouchers, debit vouchers, credit vouchers, sales vouchers, […]
What Is The Difference Between Capital Reserve And Revenue Reserve?
In every business, some profit is set aside to meet future requirements. This amount is not used to pay dividends to shareholders. Such a type of fund can be termed a Reserve. Reserves are essential concepts in accounting and financial management. Keeping Reserves is very important in case of a future financial emergency. There are […]
