The standards that control financial reporting and accounting differ from country to country. In the United States, financial reporting executions are set away by the Financial Accounting Standards Board (FASB) and arranged within the framework of the generally accepted accounting principles (GAAP). The GAAP and IFRS are technically classified as generally accepted accounting principles in the financial …
Category: Accounting and Bookkeeping
Accounting and Bookkeeping Services
Whether you’re a start-up or an existing company, keeping track of your finances is essential in making good business decisions. The practice of keeping and preserving financial records has changed over time in response to modern accounting and bookkeeping strategies and rules. Every business owner needs to know not just how much money his company …
What is Accounting and Why it is needed for a Company?
If you’re venturing into starting a replacement business, you’re presumably to listen to the terms accounting. Accounting are often a difficult task and a stressful task, especially for start-ups. What is accounting? The process of keeping a record of your business’s financial transactions is termed as accounting. the method of Accounting includes a series of …
ACCOUNTING AND BOOKKEEPING SERVICES IN INDIA
Accounting and bookkeeping services in India are often taken as same services in business. tons of minds would be within the dilemma of “Isn’t a bookkeeper an accountant?”. Well, there’s an enormous difference in both terms. So, what’s the difference between a bookkeeping service and accounting service? Difference between Bookkeeper and Accountant So the major …