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 […]
Accounting
Profit and Loss Account Basics
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
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
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?
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 […]
Depreciation, Causes of Depreciation, Need for Provision of Depreciation
Life span of an asset to a business rests primarily, on the purpose of its acquisition and secondary, on its nature. An item acquired for immediate consumption or sale is a short-lived asset and that meant for prolonged use, is long lived asset, though both produce revenues. Whereas the former […]
Peran Lembaga Keuangan Syariah dalam Perekonomian Indonesia
Lembaga Keuangan Syariah adalah sebuah elemen penting dalam perekonomian Indonesia yang semakin berkembang pesat. Salah satu bentuk lembaga ini adalah Lembaga Pengelola Zakat, Infaq, Shodaqah, Wakaf, dan Dana Sosial (ZISWAF). Artikel ini akan menjelaskan asal usul serta perkembangan awal dari lembaga keuangan syariah, dengan penekanan khusus pada peran Lembaga ZISWAF […]
What To Include In The Financial Section Of A Successful Business Plan
Having extraordinary skills and talent in a business area, being hardworking and determined, persistent, having great ideas and full of energy is a fantastic mix for a successful business career. But all those exquisite qualities mean nothing if the end result is not represented in the bottom line. The financial […]