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REA treats the accounting system as a virtual representation of the actual business. In other words, it creates computer objects that directly represent real-world-business objects. In computer science terms, REA is an ontology. The real objects included in the REA model are: goods, services or money, i.e., resources
Transactions include purchases, sales, receipts and payments by an individual person, organization or corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping ...
A virtual data room (sometimes called a VDR or Deal Room) is an online repository of information that is used for the storing and distribution of documents. In many cases, a virtual data room is used to facilitate the due diligence process during an M&A transaction, loan syndication , or private equity and venture capital transactions.
As a Knoxville photographer, Karen Stone understands the struggles facing small businesses. So, she started Delicate Balance Bookkeeping to help.
Examples of MPSL developed software include BOS/Finder , BOS/Planner (spreadsheet), BOS/Writer (word processor) and BOS/AutoClerk (report generator). Companies sold various BOS accounting software suites in the UK and United States. In the UK, BOS accounting packages were considered to be the industry standard by some accountants.
E-accounting (or online accounting) is the application of online and Internet technologies to the business accounting function. [1] Similar to e-mail being an electronic version of traditional mail, e-accounting is "electronic enablement" of lawful accounting and traceable accounting processes which were traditionally manual and paper-based.
This list is divided into proprietary or free software, and open source software, with several comparison tables of different product and vendor characteristics. It also includes a section of project collaboration software, which is a standard feature in collaboration platforms.
Bench Accounting (branded as "Bench") was a fintech company that uses proprietary software to automate bookkeeping and provide financials for small business owners. [1] The company provides subscription access to cloud-based software in combination with in-house bookkeepers. [ 2 ]
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