Why is accounting an essential skill for entrepreneurs? An entrepreneur needs accounting knowledge to stay on track with the expenses and the business’s income. Acquiring budgeting, cash flow, and the business plan helps them stick to tight budgeting and manage financial responsibilities. If an entrepreneur does not have this knowledge will […]
Beginners Bookkeeping online course. Description I am Vathani Ariyam, the author of the eBook “Beginners Bookkeeping,” created for students and entrepreneurs to help to maintain their books. A proper accounting system is vital for a small business or a corporation. Keep your accounting records to avoid mistakes, and fraud in the […]
How does depreciation help in your business? What is depreciation? The monetary value of an asset decreases over a period for which that asset is usable in the business. For example, Equipment, machinery, and currency will likely depreciate over time. The primary journal entry for that is Debit: The depreciation account shows […]