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Showing posts from July 30, 2012

Accounting Terms – Profit & Loss and Other Terms

SMP 3 LEMBANG
Different fields of study make use of certain terms that are not easily understood by others. If you’re an accounting student or a professional accountant, you know the different terms used in accounting. One very popular term is profit & loss. 
So, do you know what the term means? To start with, you have to determine what profit means. Profit can be referred to as net earnings or net income. Businesses can either sell services or even products. Profit will come from the sales of these services and products. If the costs of running a business are controlled, it can add up to the profits. 
Profits are also called ROI or return on investment. However, this term is often limited to securities like bonds or stocks. But still, some companies use ROI to mean short or long term business outcomes. Taxable income is another term for profit. 
The profit & loss of a certain company is determined by finance professionals through accounting. They can determine what created the pr…

Accounting Software for Small Businesses

SMP 3 LEMBANG
If you think that starting your own business is cakewalk, you’re very wrong. Aside from developing good products and services, you still need to sell them to the market. One of the essential factors in running a business is effectively managing finances. The language of any business, whether big or small, is accounting. 
The business scene is always loaded with work pressure. Therefore, there is an unerring need for handling accounts and finances effectively. Even small businesses need to be organized to achieve success and to do this the business owner should get the appropriate accounting software. Business units usually set long-term goals and to reach the goals, accounting management is required. If you want to be your business’ boss, you will need accounting software. Manually doing all the accounting works can lead to a lot of errors which can terribly affect any business. 
As owner of a small business, you have to know where funds come from and where it goes. If you …