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What is a bookkeeping system?
While today's bookkeeping system is mostly electronic and some tasks can be automated. A bookkeeping or accounting system does not ...
Wikibooks
What is an accounting period
An accounting period is a business's trading time between the successive closings of the books. This is normally a month, three mont...
Chart of Accounts
The chart of accounts is the backbone of any accounting system. It is a listing of all the accounts in the general ledger.
...
Record Storage and Retrieval
Lets face it , we all hate filing. But it is an integral part of your accounting system. Your filing system is only as good as the ...
What is an Audit Trail?
A good accounting system should by nature produce a clear audit trail for all documents and records that a third party could follow ...
Implement a reporting schedule
Every business has different reporting needs. Exactly what reports are needed will be determined by the business's budgets, owners n...
Why are they called Subsidiary Journals?
While the earliest recorded evidence of accounting goes back 7000 years to Mesopotamia - we can thank the Italian banking centers o...
The Accounting Cycle
The total set of accounting procedures that must be carried out during each accounting period.
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May 2025
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- What is a bookkeeping system?
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March 2024
- Which accounting software should I use?
- Record Storage and Retrieval
- What is an Audit Trail?
- Chart of Accounts
- What is an accounting period
January 2024
- Implement a reporting schedule
- Reconcile, Reconcile, Reconcile
- Why are they called Subsidiary Journals?
- The Accounting Cycle
- What should I include in my business plan?