Tag: Accrual Accounting

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Updated on May 16th, 2019 in Finance & Accounts

6 Steps Beginner Tutorial for Bookkeeping

Bookkeeping in a business plays a vital role as it forms a basic framework for the accounting system of that bookkeeping framework. Bookkeepers are in charge of classifying the monetary transaction of the business and recording those exchanges in the general ledger. In the event that you are an owner of a small business, you…

Updated on May 18th, 2019 in Finance & Accounts

What is the Accrual Method of Accounting?

Mainly there are 2 methods of bookkeeping and they are: Cash Method and Accrual Method Accrual Method It is that method where the transactions are recorded at the time when it occurs irrespective whether the cash is realized or not. Moreover, most of the organizations prefer accrual method due to the following reasons: It helps…