Accounting

Overview If you’re running a business, chances are you’ve heard of bookkeeping and accounting. But what exactly do these terms mean? Understanding the basics is crucial to the...

Expense accounting Expense accounting is a crucial component of financial management for any business owner.  This involves tracking all expenses incurred by a business, including the cost of...

Bookkeeping In order to maintain a business, it is essential to have a good understanding of bookkeeping basics. This article will outline the basics of bookkeeping, including what...

What is accounting software? Depending on how you utilize accounting software, it can accomplish a variety of jobs. For example, if you are an accountant or bookkeeper, it...

Purchase Requisition and Purchase Order Are you confused about the concept of purchase requisition vs. purchase order? You're not alone. It's a common mix-up, but don't worry; we're...

Introduction In business, there are a lot of different types of documents that you will create and use. Two of the most common are purchase orders and invoices....

Centralized and Decentralized Purchasing A decentralized purchasing model is a business model where the company does not have a centralized purchasing department. Instead, each business unit has its...