We’ve created this Primary Accounting series to help you understand the basics of accounting. Three classes of “Balance sheet” accounts: Assets, Liabilities, and Equities accounts. Careful management of an organization’s fastened assets is essential in accounting for gear depreciation, reporting on principal firm investments, and calculating true profit and loss from asset gross sales or disposals.
Two-tier implementation – Because of the limitations of some accounting solutions and ERP programs, companies typically choose to undertake two separate options to manage their finances. For example, a manufacturer might select an ERP that gives robust manufacturing performance however weak accounting, as well … Read More