Category: Bookkeeping

A Comprehensive Guide TRUiC

However, as a startup grows and its financial transactions become more complex, transitioning to accrual accounting becomes necessary for accurate financial reporting and compliance. Understanding the nuances of cash versus accrual accounting is essential for…

Streamline Your Financial Goals with Best Software for Planning

For example, a retailer with $8,000 in cost of goods sold (COGS) and $2,000 average inventory has a four-times turnover. Inventory automation software helps track turnover better, especially for brick-and-click businesses. This is the way…

Bookkeeper Job Description: Roles and Responsibilities

These business activities are recorded based on the company’s accounting principles and supporting documentation. It facilitates basic bookkeeping tasks, such as invoicing and expense tracking, but it also offers accounting functions including financial reporting, payroll…