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Types of Accounting and Business Accounts for Ecommerce

To understand e-commerce accounting, it is important to have knowledge about e-commerce business and its various types. Ecommerce business refers to the companies that buy and sell products and services over the internet. It operates in different market segments and can be driven over laptops, mobiles, tablets, or other smart devices. Now let’s understand Ecommerce...

How to be an Efficient and Effective Bookkeeper?

From bookkeeping to accounting, all the financial activities and their experts are followed by a general stereotype: boring. Although real-life financial experts have cleared the stereotype of being old and grumpy, as many books and movies have portrayed, the conception regarding the work is still the same. Many people think that bookkeeping and accounting activities...

Process of Bookkeeping: Important Activities Bookkeepers Perform

Bookkeeping involves monitoring a company’s financial transactions and entering individual funds owed using a debit and savings system. Each entry represents a unique merchant transaction. All accounting tools have a chart of accounts that lists actual liabilities and account categories. A company’s balance sheet and income statement usually have at least one account for each...