What is Tangible Asset A tangible asset has a physical form, that is, they are tangible assets that can be seen and touched. Tangible assets in the business environment include both non-current assets such as machinery, buildings, and land, vehicles, etc.) and current assets such as inventory. The opposite of a tangible asset is an intangible asset. A tangible asset, like all assets, must […]
The Importance of Debit and Credit in the Bookkeeping System
Importance of Debit and Credit The terms debit and credit are two fundamentally important terms of accounting. The understanding of debit and credit is a basic prerequisite for being able to deal practically with booking on accounts and dealing with accounts. The debit and credit are the two sides of the account. The easiest way […]
Importance of the Cash Flow Statement to a business
Cash Flow Statement Cash flow statement One of the most important financial statements for a business is the Cash Flow Statement. However, the cash flow statement is often overlooked by many small businesses, as they concentrate on the income statement and the balance sheet. The cash flow statement provides insight to the cash position of the […]
Download Professional Balance Sheet Template for free
Balance Sheet Template A balance sheet, income statement and cash flow statement, is one of the key financial statements used to check a company’s financial position. It reviews the company’s liabilities, assets, and owners’ equity it’s used to calculate the net worth of the business. In short, a balance sheet shows what a company owns and what it owes, as well […]
What does a Bookkeeper Do
If you are searching for bookkeeper job description or want to know What does a Bookkeeper Do ? then your are at the right place or on the right article. we will discuss What Does a Bookkeeper Actually Do while he /she is on job. A bookkeeper is accountable for processing the paperwork for a company’s business transactions. In […]