BooksTime: Online Bookkeeping Services Review
Accounting is an orderly system of collecting, registering and summarizing information about the state of the company’s assets, obligations and their changes with continuous bookkeeping of all business transactions. In simple language, accounting is ...
What is a Post-Closing Trial Balance?
Trial balances of all sorts are done as a security measure. Without it, you can’t really be sure that your credited and debited accounts add up correctly. In short, while compiling the Trial balance, accountants check if all the deals done over...
What is a Flexible Budget? Pros & Cons
Static budgets are what people usually think of when it comes to budgeting. When creating one, you typically predict how much money you’ll spend or gain each month for upcoming year. It gives you a clear indicator of what to expect, as well as ...