Articles

Definition Businesses where process costing is used, as opposed to job costing, usually have various production stages. At each production stage, resources, such as labor, additional material, and utilities, are added. Each stage includes a large amount of costs and at..

In the process of analysis and planning, the management usually wants to calculate indicators that characterize the efficiency of an enterprise. These indicators are crucial for being able to steer the business in the right direction and towards success. In today’s..

Reports and other accounting information are produced so management, investors, creditors, government, or other stakeholders can take actions based on this accounting information. If you consider every organization type, every organization location, how can we all speak the same language and..

There are many bookkeepers and accounting firms today that provide bookkeeping services. The competition is fierce and clients have options to choose from. How can a bookkeeper present oneself self in order to stand out from the competition? How to be..

There has been a recent trend of people viewing new technologies and software as a threat to the bookkeeping profession. Can we say that this is a dying profession without much future? Transformation of the bookkeeping profession The level of automation..

Business owners are often faced with the task of mastering financial bookkeeping for their own company. Is it possible to learn bookkeeping from scratch in a short time? Where to start? At first glance, it seems that it will take forever..

Single-entry method The first type of bookkeeping method we are going to discuss is known as a single-entry. It is a simple form of accounting for financial activities in a business (or even a household). This method has been used for..

Do you know you like numbers, but you’re unsure what might be a good accounting career path for you? Today, we will try to help you decide if you should become a bookkeeper or accountant. Accounting and Bookkeeping: Difference Accounting and..

Today, we hear more and more about the professions of the future. Some say that in the near future completely new, more progressive professions will appear to replace the existing ones. Before choosing a certain career, one carefully studies all the..