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Pastel Accounting, now known as Sage 50, is an accounting software package that is used by over 200,000 companies in 52 countries across the globe. Pastel Payroll is online payroll software product developed by Softline. Softline VIP is a Payroll and HR software system for small, medium and large corporations. Sage ERP Africa; Sage Alchemex
Sage acquired Softline in 2003 and the product eventually became known as Sage Pastel and later Sage 50 Pastel. It is widely used in industry, with job advertisements frequently requiring proficiency in the software, and training courses are available by third-party providers.
For example, a business plan for a non-profit might discuss the fit between the business plan and the organization's mission. Banks are quite concerned about defaults, so a business plan for a bank loan will build a convincing case for the organization's ability to repay the loan.
A chart of accounts (COA) is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger.
For example, $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600. Multiple K's are not commonly used to represent larger numbers. In other words, it would look odd to use $1.2KK to represent $1,200,000. Ke – Is used as an abbreviation for Cost of Equity (COE).
Fixed assets are held by an enterprise for the purpose of producing goods or rendering services, as opposed to being held for resale for the normal course of business. An example, machines, buildings, patents, or licenses can be fixed assets of a business. The purpose of a revaluation is to bring into the books the fair market value of fixed ...
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