Many nations consider financial reporting as a legal criterion which must be met indispensably. Financial reporting substantiates the current financial position of a company. Stakeholders become aware of these financial data as formal records of that particular organization. So, the...

Some people find it too intimidating to manage the inventory of their small business. Inventory management, hence, incorporates counting at a large scale that too away from any mistakes. Yes, businesses do reconcile their inventory during year-ends by ascertaining the...

Are you running your own small business? If so, then, remember that we are residing in the era of information and communications technology. In this context, the role of high-end accounting software programs cannot be denied at all. There are...

Needless to say, we all need to lodge taxes as per the conditions imposed by the regulatory board every year. While lodging a tax return, there are a variety of tax-deductible expenses which can be claimed from your expenses. Claiming...

No matter what sort of business you are associated with, it is essential to maintain the books of accounts for getting the clear picture of your true financial background. Appropriate bookkeeping is considerably a good step towards phenomenal command in...