The Nature Of Accounting Systems

Keli W. Rodriguez

An accounting system is a process whereby a specific output is produced by a given input. In an information accounting system, data is processed to provide information. Data is a collection of unprocessed facts, while information is data or facts that have been processed into a meaningful form. In the […]

An Accountant Supply List

Keli W. Rodriguez

Not many years ago, accountant supply lists involved items such as ledgers, stamps with inkpads, and a very large cup of sharp pencils. Today, accountant supply lists are much different. Computer First and foremost, the most important accountant supply to purchase is a computer. This is a given in nearly […]

Budget Made Easy With Accounting Apps

Keli W. Rodriguez

Businesses of all size prepare a budget so that they can assess the past performance as well as the present conditions so that optimal way ahead can be ascertained. In the budget, the organization makes its assessment of the revenues that are to come and ascertains the expenses that can […]

Free Small Business Accounting Software

Keli W. Rodriguez

Free small business accounting software primarily focuses on assets. Assets may be described as valuable resources owned by a business, which were acquired at a measurable money cost. As an economic resource, they satisfy three requirements. In the first place, the resource must be valuable. A resource is valuable if […]

Understanding Double Entry Accounting

Keli W. Rodriguez

Sir Isaac Newton’s third Law of Motion, the law of reciprocal actions, states that for every action there is an equal and opposite reaction. The same can be said for accounting. For every financial transaction, there are two sides. There is a debit side and a credit side. For every […]