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Best Inventory Management Software 2020

Keeping an accurate inventory is essential for almost any business. Whether you are in retail, wholesale, hospitality, or logistics, inventory accounts for a significant portion of your busi...
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Accounting Equation Principle

The basic accounting equation formula is: total Assets =  Liabilities + Equity. It is used in double...
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What Is the Accounting Balance Sheet?

A balance sheet, or an accounting balance sheet, is one of the key types of financial statements use...
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Bookkeeping 101 - A beginners guide to Bookkeeping

This article describes the bookkeeping process, whether it is performed by bookkeepers, accountants,...
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How To Get More Results out of Your Accounting Inventory

Smart accounting isn’t just about keeping the books and tracking the funds that are coming in or goi...
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Accounting for Inventory: What No One is Talking About

When you account for inventory, flexibility is the key. No one is talking about it. 
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What are the Five Types of Financial Statements

Financial statements are the documents compiled by United States business entities to outline each e...
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Chart of Accounts

The chart of accounts is a numbered list of all accounts used to record and summarize business trans...
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How Much Should You Be Spending On Accounting Software?

There are accounting services available for every budget, from free to thousands of dollars a month....
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11 Ways to Revamp Your Accounting System

The design determines whether your software works with you or stands in your way. Poorly designed so...
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Exploring Debits and Credits

Introduction Accountants use debits and credits to record each business transaction and generate fin...
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Innovation with Cloud-based Accounting Software

What is accounting? Believe it or not, the answer—and the perception of what accounting can be withi...
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SALES ORDER VS. PURCHASE ORDER AND WHY YOU NEED BOTH

Professionally managed companies use accounting systems with sales orders and purchase orders. Sales...
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Fundamentals and Objectives of Financial Accounting

For start-ups, SMEs, and businesses with multiple locations, accounting can be a nightmare, but nobo...
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