Archive for the "Accounting" Category

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Is recession over? What does this mean for business finance?

According to the economists, the latest figures showing 0.1% growth over the last quarter means, officially, yes, recession is over. However, this is not as clear cut as it may seem. Whilst the numbers may indicate the first growth in 15 months, the actual percentage growth was predicted to be higher, around 0.4%. Economists still [...]

Setting Up The Chart Of Accounts In Accounting Software

A chart of accounts is simply a list of different areas within the general ledger section of an accounting software package against which financial transactions are stored. As an example if you looked at a Profit and Loss Statement each of the items listed is a separate account.
ie – Sales, Cost of Sales, Advertising, Postage, [...]