Archive for Author: admin@bfag

Successful Mergers and Acquisitions — Key Drivers

When looking forward to expanding, businesses many times try to get into a Mergers and Acquisitions deal. This brings great opportunities for both parties to leverage each other’s resources. However, great planning is required, parallel to efforts, for any Mergers and Acquisitionsdeal to work out as expected. Key Drivers...

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Year-End Accounting To Help Businesses

Year-End Accounting is an Accounting process undertaken by companies at the end of each Financial Year to summarize and analyze business activities for the entire year. Companies carry forward the balances to new year accounts and close the previous year accounts. An accurate Year-End account process helps companies to...

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Step by Step Guide for Payroll Processing

Processing and managing the salaries of different employees in a business can be a tough task, especially if you have a large workforce. To manage compensation and benefits to be given to the employees, businesses use Payroll Processing.  Let us see in detail what it is and how to...

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Financial Statement Compilation and Review

Financial Statements are documents that present the various monetary activities of a company. A Financial Statement comprises of three elements: Balance Sheet Cashflow Report Income Statement. How to prepare a Financial Statement? A Financial Statement is prepared by financial experts. They gather the information related to the company’s monetary...

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How to do Customer Profitability Analysis

The main purpose of doing any business is to generate revenue. Profits come from sales and the one who buys the product or services provided by a business is called a customer. Hence, it is necessary to check whether the customers are profitable for the business or not. What...

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Expense Accounting and Reporting: Meaning and Need

An expense report is a form used for tracking business spending, receipt capture, reimbursements. It is the record of every small purchase or expense made required to operate a business, i.e., business spending. It can be for parking, repairs, meals, airlines, rent, fuel, hotels, reimbursement, etc., classified in different...

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General Ledger – Meaning, Process

What is General Ledger? In the double-entry bookkeeping system, General Ledger (GL) sorts, stores, and summarizes a business entity’s all transactions, except sales and purchases. It is the basis for the financial data of a business that incorporates all the necessary financial transactions data to prepare a company’s financial...

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Fixed Asset Accounting – What it does in a Business?

For every business, their Fixed Assets are a significant capital investment that requires several accounting transactions regarding purchases, depreciation, revaluation, disposal, and many other aspects related to Fixed Assets. Fixed Asset Accounting records all these financial activities during a business’s lifecycle in related accounts, thus playing a crucial role...

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