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What is an Audit Trail?
A good accounting system should by nature produce a clear audit trail for all documents and records that a third party could follow ...
Wikibooks
Implement a reporting schedule
Every business has different reporting needs. Exactly what reports are needed will be determined by the business's budgets, owners n...
Why are they called Subsidiary Journals?
While the earliest recorded evidence of accounting goes back 7000 years to Mesopotamia - we can thank the Italian banking centers o...
The Accounting Cycle
The total set of accounting procedures that must be carried out during each accounting period.
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Reconcile, Reconcile, Reconcile
Bookkeeping is the continually process of checking and reconciling the data to ensure it is fair and correct so that you can rely on...
What should I include in my business plan?
A business plan is a document that lays out what you see your business accomplishing and why. It is basically a road map from concep...
Accounting Vs Bookkeeping
What's the difference between accounting and bookkeeping?
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How much should I charge per hour?
Charging the correct hourly rate can be a balancing act when you are starting out in business. You need to cover your costs, m...
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May 2025
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March 2024
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January 2024
- Implement a reporting schedule
- Reconcile, Reconcile, Reconcile
- Why are they called Subsidiary Journals?
- The Accounting Cycle
- What should I include in my business plan?