Accounts Payable
What Is It? A business requires a means of recording invoices and then processing the payment of monies owed to suppliers for […]
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Accounts Receivable
What Is It? Most companies are in business to sell goods and/or services in order to make a profit. To achieve this, […]
Assets Register
What Is It? In accounting terms, an asset represents a resource that is owned by a company and is represented as such […]
Budgeting and Targets
What Is It? A budget can be defined as ‘a quantified plan of action relating to a given period of time’. The […]
Cash Book
What Is It? ’Cash, being the most liquid form of money, is of prime importance to the enterprise. Cash must be carefully […]
Electronic Funds Transfer
What Is It? Electronic funds transfer (EFT) allows transfer of funds between accounts and firms electronically. EFT is a transaction that allows […]