Ads
related to: accounting practice set help for employees to keep and store documents showing- Invoices Made To Be Paid
Get Your Money 2x Faster
Than With Paper Invoices.
- Free QuickBooks® Setup
Start Off Right With Help
Setting Up By A QuickBooks Expert.
- QuickBooks® Enterprise
Sell More. Hire More. Grow More.
Manage More With Enterprise.
- QuickBooks® Mid-Market
Customizable Solutions To Help Mid-
Sized Businesses Grow. Learn More.
- Invoices Made To Be Paid
Search results
Results From The WOW.Com Content Network
The concept of "two sets of books" refers to the practice of keeping two sets of accounting ledgers ("books").In colloquial terms, this practice may refer to fraudulent behavior, i.e. attempting to hide or disguise financial transactions from outsiders by having a falsified set of records for official use and another for internal recordkeeping.
An Electronic Document and Records Management System is a computer program or set of programs used to track and store records. The term is distinguished from imaging and document management systems that specialize in paper capture and document management respectively. Electronic records management Systems commonly provide specialized security ...
A company can maintain one journal for all transactions, or keep several journals based on similar activity (e.g., sales, cash receipts, revenue, etc.), making transactions easier to summarize and reference later. For every debit journal entry recorded, there must be an equivalent credit journal entry to maintain a balanced accounting equation ...
The accounting equation is a statement of equality between the debits and the credits. The rules of debit and credit depend on the nature of an account. For the purpose of the accounting equation approach, all the accounts are classified into the following five types: assets, capital, liabilities, revenues/incomes, or expenses/losses.
Source documents are business forms that provide evidence of each transaction and give the details that are entered later into one of the journals in a computer accounting system. Some computer systems, such as payroll systems, also generate transactions that are recorded in one or more journals, but without paper source documents.
An employee that undertakes these activities is commonly called an office administrator or office manager, and plays a key role in any organisations infrastructure, regardless of the scale. Many administrative positions require the candidate to have an advanced skill set in the software applications Microsoft Word, Excel and Access. [1]