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Home Blog Archive by category "Accounting"

Category: Accounting

Accounting or accountancy is the measurement, processing and communication of financial information about economic entities such as businesses and corporations. The modern field was established by the Italian mathematician Luca Pacioli in 1494. Accountancy , which has been called the “language of business”, measures the results of an organization’s economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accountancy are known as accountants. The terms ‘accounting’ and ‘financial reporting’ are often used as synonyms.

It can be divided into several fields including financial accountancy , management accountancy , external auditing, and tax accountancy. Accountancy information systems are designed to support accounting functions and related activities. Financial accountancy focuses on the reporting of an organization’s financial information, including the preparation of financial statements, to external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement, analysis and reporting of information for internal use by management. The recording of financial transactions, so that summaries of the financials may be presented in financial reports, is known as bookkeeping, of which double-entry bookkeeping is the most common system.

Articles about "Accounting"

outsource accounting

The A to Z of Outsource Accounting

By Camille Denise Rellosa | Accounting, Blog, Outsource accounting, Outsource bookkeeping | 26 April, 2019 |

A Accounting is an important element in any business since it’s the one responsible for checking and collating data to be used to assess the performance of a company and whatever plan the board decides to make. C Cloud Accounting is a method used in accounting that does not require individual software installation to haveExplore Now

bookkeeping

The Danger of Designating Bookkeeping Tasks to Non-Accountants

By agodin@bureauserv.com | Accounting, Business advice, Outsource accounting, Outsource bookkeeping, Outsourcing | 11 January, 2017 |

Based on a survey conducted by “Accountants World” in 2016, only 15 percent of small businesses hire accountants to perform their accounting and bookkeeping works.   There are different reasons why this practice keeps happening, but the most common are lack of resources to employ accountants and the belief of the business owners that they canExplore Now

Offshore-Outsourcing SG-Online-Debt-Collection

Debt Collection Management: Important Online Bookkeeping and Outsource Accounting Service

By Pau Llames | Accounting, Offshore accounting, Outsource accounting, Outsource bookkeeping | 22 December, 2016 |

Debt collection is an issue that most businesses, regardless of their level of success, have to deal with. One thing that separates a successful business from the rest is how they prevent debt from hurting their cash flow. Top-tier companies tie up with expert accounting and bookkeeping companies to handle debt collection efficiently. Without aExplore Now

Cloud-based accounting software

Cloud-based Accounting Software: Work Smarter Not Harder

By Pau Llames | Accounting, Offshore accounting, Outsource accounting, Outsource bookkeeping, Outsourcing | 23 November, 2016 |

Cloud-based accounting software is all the rage for companies of different sizes at the moment. Gone are the days of the spreadsheets and locally installed software for managing the company’s accounts. Today, savvy business owners use a cloud-based software. Aside from improved collaboration and real-time reporting, there are other benefits to migrating your accounting toExplore Now

Cloud

The Cloud

By Pau Llames | Accounting, Digital marketing, Outsourcing | 6 September, 2016 |

One of the biggest buzzwords for maximising business efficiency today is cloud computing. The term is often referred to as simply “the cloud”. Cloud-based software. Migrating to the cloud. Stored in the cloud. Accessed from the cloud. Everything seems to be happening “in the cloud”. But what is it, and how important it is to yourExplore Now

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