A systematic process of collecting and processing of financial & accounting data is used by internal users to report information to investors, creditors & tax authorities is called AIS.
The asset turnover ratio is an efficiency ratio that measures and helps analyse a company’s ability to generate sales from its assets by comparing net sales with average total assets.Read More
Bill is the money owed by a customer for a purchase transaction whereas an invoice is a detailed document of a goods or service transaction. Check the difference between billing & invoicing.Read More
Over 90% of the companies use business software to scale their productivity. Know how to evaluate, purchase & implement business accounting software for your own business.Read More
A small business needs to generate different types of invoices owing to various factors. Let’s check different types of invoices with example and format.Read More
Balance sheet reconciliation is a process of verifying the accuracy of information presented in the balance sheet. It includes cross-checking the closing balance components.Read More