Straight Line Depreciation and Reducing Balance Depreciation
Straight Line Depreciation This refers to the approach of charging the cost of an asset evenly over the period that such an asset will be useful and it is the best approach to use when; There is no actual estimate of the pattern of economic…
Three Reasons Why ERP Is Essential
Why ERP is Essential Businesses had before operated as an organizational structure where every department operated in isolation. Modern technology has rendered that practice ineffective and have designed a more sophisticated way of bringing together the previously separated departments to reinstate the harmony which is…
Cash Accounting
Cash Accounting Any business needs a clear record of all monetary transactions coming in and leaving the establishment, because this is what indicates whether it is financially stable of not. Cash accounting also known as cash-basis accounting is one of the financial recording approaches mostly…
Accounting Software
Accounting Software The fast moving world and tremendous competition in every field means that now every business needs to keep up and match the pace of the rest of the world. Software are taking over from the manual methods in every fields. There are many…