Accounting

Managing personal finance is a task that requires care and prudence to ensure that individuals prioritize their budget allocation to daily expenses such as credits bills and routine expenses on one hand and investment portfolio such as stocks, future securities, and retirement plans on the other hand. A good way […]

Matching principle is the foundation of accrual accounting and revenue recognition. According to the principle all expenses incurred in generating the revenue must be deducted from the revenue earned in the same period. This principle allows better evaluation of actual profitability and performance and reduces mismatch between when cost is […]

What is Tally ERP 9? Tally ERP 9 enables you to control numerous financial & business functions with the aid of one software. It has numerous functions that enable smooth integration of business operations. Staff, chartered accountants, business owners, managers and others can view as well as work on data […]

1. Introduction When we look at the literature on virtual organizations, we see that the attention is primarily focused on the virtual organization as a network organization, pointing out the changing nature of organizational boundaries. Network technologies facilitate processes of in- and exclusion of people and resources. Hence, typologies of […]

The reasons for having control accounts are as follows: 1. Check on the accuracy They provide a check on the accuracy of entries made in the personal accounts in the sales ledger and purchase ledger. It is very easy to make a mistake in posting entries, because there might be […]

In Israel, thousands of assets totaling approximately 15 billion Israeli Shekels currently remain unclaimed. These unclaimed assets include land, developed real estate, bank accounts, stocks and bonds. “Abandoned property” is defined in section 1 of the Law as an asset in respect of which no one is entitled and able […]

ERP (Enterprise Resource Planning) has been the cornerstone of several small, medium, and large sized businesses for many years now. ERP acts as the aggregator accounting platform of choice for companies, but some may agree that its flexibility is questionable. Top 3 challenges with ERP: High value purchases and expenses […]

With the popularity of Personal Loans escalating persistently in the loan market today, I’m fairly sure that you are more or less aware of what these loans actually entail. Personal Loans are fundamental loans taken to simplify or assist you in your financial lifestyle. With the standards of living constantly […]