Answering your questions about automating accounts.

In bookkeeping, an account refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages, to which changes in value are chronologically recorded with debit and credit entries. These entries, referred to as postings, become part of a book of final entry or ledger. Examples of common A chart of accounts provides a listing of all financial accounts used by particular business, organization, or government agency. The system of…

Four biggest challenges to small business growth.

Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services).Simply put, it is “any activity or enterprise entered into for profit. Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for…

Internets effect on tax planning : a case study on business

A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labor…