IT business and accounting are inter-dependent. While accounting uses technological tools and advancements to boost the whole process, IT business includes accounting to record, evaluate and interpret data. One reason why the IT industry is a common receptor of such problems is, it changes dynamically in even a short...
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The term bank reconciliation might be known to you if you are involved in accounting or knowledgeable about the matter. BRS is prepared on a periodical basis to check bank related transactions are recorded properly in cash book’s bank column and by the bank in their books or not....
Filing taxes is something that no one likes to do especially, if you owe a lot of money in the form of taxes. This can lead to procrastinating the whole process of filing taxes. But this is not at all advisable, as this can lead to more problems and...
In today’s competitive business era, the number of frauds is increasing every day. Small and mid-sized companies are more prone to fraud than larger organizations because one employee executing various functions across the organization and the close relationships between junior employees & managers leads to less inspection and the...
Advantages of moving payroll to Cloud Cloud dependant payroll system has many advantages than any outdated legacy system. There are many reasons why your business must move to the cloud. Cloud as the software as a service is becoming ubiquitous across all the functions of business and applications. Cloud...
There is more to an organization than corporate law and marketing campaigns. Organization structure is the term which defines an organization and its policies. It can be considered as a chart which guides the employees in achieving organizational as well as personal goals. Before understanding the various types...
Analytics is a technical process of detecting and communicating all the relevant details found in a data. It converts raw data into meaningful insight which helps the companies with better decision making, understanding requirements and consumer demands, predicting future events and contingencies with inculcating new insights. The concept...
There is more to an organization than the people, the product, the policies corporate law and marketing campaigns. Organization structure is the term which defines an organization and its policies. Before understanding the various types of organization structure, you need to understand what your long-term plan is, is...
Cutting down the financial expenses and yet retaining the quality at the topmost of the form is every entrepreneur’s fantasy. But only a few business eyes upon the most guaranteed area for saving the money, which is income tax. In accordance with the research, the small running business in...
Finding a financial advisor needs as much keenness as for finding a doctor to cure an ailment. This might sound no brainer but it as simple as the fact of finding the best for your financial reporting needs. Why do you need to be careful when choosing a financial...