Cost of goods sold (COGS) is the total cost directly incurred by a company to sell their goods or services. In manufacturing, the cost of goods...
Accounting
When you start building your business, you may find the terms ‘fixed asset’ and ‘asset depreciation’ without really grasp what it means, especially if you’re a...
Fixed assets are company’s tangible assets that are relatively durable and used to run operations and generate income. They are not used to be consumed or...
In financial accounting, a sales invoice (or invoice) is a document used by a company to communicate to clients about the sums that are due in...
Nowadays, accounting apps have become one of the most important software systems to any company. Finance is the most vital functional areas of a business, thus...
The worst dream that often haunts your company’s finance department is misplaced important documents such as invoices, purchase orders, or shipping documents. This happens because the finance...
Accounting
Industries
Inventory
Manufacturing
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Easy Audit Procedures for Manufacturing Companies
The audit of financial statements is an examination of financial statements which indicates whether the financial statements in all material respects provide a true view of...
Small mistakes such as making a wrong meal or drink for a customer is pretty much understandable. But bookkeeping mistakes will definitely harm your business. These mistakes usually...
Bookkeeping may not be a pleasant business activity, but it is a critical factor when it comes to the success of your business. It gets your...
In running a business, you will deal with purchase order and invoice on daily basis. These two things will always be present in your daily life at...