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A practical guide for SMMEs looking to right size

Accounting-123 Products:- How to re-evaluate existing ERP and business systems by looking at costs and employee resources. When an SMME reduces employee resources, careful consideration should be given to the core systems tha...

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History of Accounting-123 Business Software

Work with Accounting Software:- Accounting-123 started out as Cubit Accounting and Payroll sof...

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Basic Accounting

Accounting Articles:- Definition of Accounting Accounting is the recording, reporting and analysis of financial transactions of an organization. History of Accounting In the ancient days people needed to...

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Managerial Accounting

Accounting Articles:- Managerial Accounting is a system used by the internal management of an organization to plan, evaluate and control by using financial information that has been compiled. Managerial Accounting inform...

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IFRS - International Financial Reporting Standards

IFRS:- IFRS are standards and principles that are used in the preparation of financial statements set by the International Accounting Standards Board in 2001. The IFRS uses the principle of the Accrual basis...

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Accounting Terminology V to Z

Accounting Terminology:- V Value - Monetary worth of an item. Valuation - To determine the value of an item. Variable Costs - Expenses that change due to a change in activity for example ...

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Accounting Terminology S to U

Accounting Terminology:- S Sales - Income earned from the provision of goods or services. Selling Expense - Cost incurred from the selling of goods or services for example advertising. Set of...

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Accounting Terminology P to R

Accounting Terminology:- P Petty Cash - A current asset made up of a cash amount used to make purchases involving small amounts like postage. Physical Inventory - This is the actual number of ite...

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Accounting Terminology M to O

Accounting Terminology:- M Managerial Accounting - System used by the internal management of an organization to plan, evaluate and control by using financial information that has been compiled. Mark ...

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Accounting Terminology J to L

Accounting Terminology:- J Journal - This is a book containing the original entry of a transaction arranged by date order. Journal Entry - This is the first stage of the accounting cycle whereby ...

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