Accounting. Online Accounting Help. Online Accounting. Online Accounting System. History of Accounting. General Accounting

Basic Bank Services

This first section explains basic bank services. We include the bank account, bank deposits, and cheques. Each of these services contributes to either or both the con­trol or safeguarding of cash.

Bank Account

A bank account is a record set up by a bank for a customer, permitting this customer to deposit money for safeguarding and cheque withdrawals. (more…)

Internal Auditor

You are an internal auditor for a company. You are currently making surprise counts of three $200 petty cash funds. You arrive at the office of one of the petty cashiers while she is on the telephone. You explain the purpose of your visit, and the petty cashier asks politely that you come back after lunch so that she can finish the business she’s conducting by long distance. (more…)

3 Essential Tools for Starting and Maintaining a Small Business

We believe that there are 3 factors that drive the success of small businesses.

1) Acquiring start-up capital .
2) Finding customers .
3) Accounting for, budgeting and controlling sales and expenses.

The following resources will help your small business achieve these success factors.

Acquiring Start-Up Capital.

An adequate supply of capital is essential as many profitable businesses fail because they don’t have enough cash to pay their employees and suppliers. (more…)

7 Things to Consider Before Buying Small Business Accounting Software.

The world of small business accounting software can be a minefield for any business owner. However choosing the right package is one of the most critical business decisions you will make.Here  are the seven things you must consider before making a purchase that will help you achieve your businesses goals.

1. Scalability.

Businesses change over time so it’s critical that the small business accounting software you choose can change too. Some things that often change are the number of products and services offered and the number of employees. (more…)

Who created accounting principles?

Who sets and revises accounting standards?

What if you don’t follow all the rules, do you go to jail?

Is there an accounting police force that investigates and arrests violators?

It would seem that there must be some regulatory force to make sure that providers of financial statements conform to the rules. There is, up to a point, and here is how it works:

Mainly, it’s all voluntary and it works pretty well. First, double-entry accounting originated in Italy in the 1400’s, so its been around awhile. Accounting principles have evolved over the years just as have accounting standards. The reason why the system works is that the business community could not function if there was not commonality and consistency in financial statement reporting. (more…)

Accounting Principals.

Accounting is the Hot New Major.

There was a time when accounting was the boring college major that many people regretted signing up for. A constant barrage of numbers, statistics and spreadsheets was none too interesting.

Boy, have times changed! Thanks to recent accounting scandals by companies like Enron, there is a high demand for accountants and auditors.

According to the Job Outlook 2005 survey, accounting comes out on top as the most in-demand major on college campuses. Forget dot com start ups. Cleaning up a company’s accounting books is what’s in.

But can accounting be sexy? (more…)