QuickBooks Setup Help – Which industry do I have to choose for my business?

May 25, 2018 | By admin4u | No Comments | Filed in: Uncategorized.

During QuickBooks initial setup, the program asks users to choose their industry. Sometimes the user's industry is not clearly mentioned. For example, "Computer Service and Repair" is not one of the choices. I'm sure many other businesses are not listed in the "Select Industry" section of the QuickBooks setup screen. QuickBooks asks the industry for • Read More »

Asset Misappropriation – Skimming Schemes

May 25, 2018 | By admin4u | No Comments | Filed in: Uncategorized.

Skimming is the removal of cash from the victim's company before the transaction has been introduced into the accounting system. Since floating on the type of fraud of books (never recorded) there is no direct audit trail, so it is difficult to detect cheating. Employees who have the opportunity to overcome the disbursement system are • Read More »

Why do traditional financial statements not meet all of the questions?

May 25, 2018 | By admin4u | No Comments | Filed in: Uncategorized.

Integrated understanding of all three elements of the financial statement – income statement, balance sheet and cash flow statement is required to understand the operations of each business. Gains or losses refer to a period in the income statement. The balance sheet reports the financial position of the business at any time; what the business • Read More »

Calculation of fast rate

May 25, 2018 | By admin4u | No Comments | Filed in: Uncategorized.

Liquidity rates are used to measure the entity's ability to meet its short-term financial liabilities, ie the liquidity of a company. From a secular point of view, this is a ready-made cash or asset that can easily make cash. Short term refers to a period of 12 months or less. Two of the most important • Read More »

Is the balance more important than the profit and loss account?

May 25, 2018 | By admin4u | No Comments | Filed in: Uncategorized.

Before answering this question, I will disclose to You both the Ownership Statement and the joint observations on the balance sheet and the International Financial Reporting Standards (IFRS) The income statement summarizes the results and expenditures of organizations for a given period. Historically, this was the first report that looked at users of financial statements • Read More »

Steps for preparing revenue and expenditure bills

May 25, 2018 | By admin4u | No Comments | Filed in: Uncategorized.

The steps are as follows: 1. Ignore Opening and Depositing Cash and Bank Accounts that are listed in the Invoice and Payments Account . Remove any capital gains and payments. 3rd Determining the income of a given year from all the proceeds of the proceeds from the previous and the future years and by adding • Read More »

Overview of Tally ERP Software

May 25, 2018 | By admin4u | No Comments | Filed in: Uncategorized.

Tally is a well-known product for accounting software. But when you are in ERP, you have few advantages and disadvantages you need to know. There were still a few problems before using Tally 9 effectively. User conflicts caused by multiple users of the system proved to be persistent The biggest disadvantage of Tally ERP – • Read More »

The significance of Cash Control

May 25, 2018 | By admin4u | No Comments | Filed in: Uncategorized.

Cash is an essential element of the profit-making organization. Your organization's assets generate revenue generating cash inflows. These cash benefits are used for a number of purposes: payers' credit, employee compensation, shareholder reward, asset exchange and growth Cash is unique as this is the only tool that can easily be convertible to any other type • Read More »