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Employee payroll is the most crucial, complicated, highly critical HR processes & in present days it is being automated by payroll software. Know the effective ways of using a payroll system software.

Accounting assumptions state how a business is organized & how business transactions are recorded. Understand 10 basic accounting assumptions as the basis of bookkeeping your business.

Bookkeeper records transactions whereas accountant provides consultation, analysis & provide advice on tax matters. Understand the difference between an accountant & a bookkeeper with their roles.

Accounts Receivables is an amount that a company is entitled to receive from its customers for goods or services sold on credit. Accounts receivables are also known as debtors and bills receivables.

If cash flow is managed well, it will help to create more cash cushion that is essential for business growth. Learn how to calculate cash flow with direct and indirect methods.

There two primary accounting methods – Cash accounting and Accrual accounting, that a business a choose and apply. Each method impacts differently on how the business financials are measured.

Consolidated financial statements also known as CFS, presents the financial position and results of operations for a parent and one or more subsidiaries as if they were a single company.

Accounts payable is any sum of money owed by a business to its suppliers shown as a liability on a company's balance sheet.

Advertising expense refers to cost incurred in promoting a business in newspapers, magazines television, radio etc. Check the classification of advertising expense with example.