Important Notes for Financial Accounting Services

Jack Prot

Financial accounting is providing information such as balance sheet, profit and loss accounts for taking financial decision. It could be produced in front of the external agencies like government department, income tax authorities, shareholders, as well as creditors who analyze the financial strengths and weaknesses of a company. Financial accounting […]

5 Reasons to Consider a Prenuptial Agreement

Jack Prot

Marriage is meant to be a lifetime commitment. However, divorces do happen since no one can really predict their significant other’s or their own actions in the upcoming months, years and decades following their wedding. This is precisely why more people are considering the merits of prenuptial agreements. Consider a […]

Profit and Loss Account Basics

Jack Prot

What is a profit and loss account? The profit and loss account (p&l) is usually presented as a statement and it shows the trading activity and associated expenditure of an organisation over a defined period of time. A typical p&l will contain the following: Sales This is the turnover of […]

The Ideal Payslip Format

Jack Prot

A payslip is an important document for the employees, as it will inform them exactly how much they earn, before and after deductions. Thus, the most ideal payslip format should be as informative as possible. There should no doubts in the employee’s head, meaning the payslip has to be straightforward […]

ERP Software Vendors

Jack Prot

Enterprise resource planning systems are management information systems that integrate and automate business practices associated with the operations, production and distribution aspects of a company engaged in manufacturing products or services. Some of the well-known vendors of ERP systems are SAP AG, Oracle Applications, Microsoft Dynamics, SSA Global Technologies, QAD […]

In Bank Reconciliation, What Are Reconciling Items?

Jack Prot

If you are maintaining a checking account with a bank, I guess you are familiar with bank reconciliation. You always receive a bank statement with attachments, didn’t you? All checks you issued and paid by the bank are attached with stamped canceled. You will also find attached thereto, debit and […]

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