ACCOUNTANCY
BOOKKEEPING
Bookkeeping is the process of recording your company's financial transactions into organized accounts on a daily basis. It can also refer to the different recording techniques businesses can use.
COMPUTERISED ACCOUNTANCY SYSTEMS
A computerised accounting system is an accounting information system that processes the financial transactions and events as per Generally Accepted Accounting Principles (GAAP) to produce reports as per user requirements.
PAYROLL
Payroll is the total of all the compensation that a business must pay to its employees on a given date or for a set period.
MANAGEMENT ACCOUNTING
Managerial accounting, also called management accounting, is a method of accounting that creates statements, reports, and documents that help management in making better decisions related to their business' performance. Managerial accounting is primarily used for internal purposes.
FINANCIAL ACCOUNTING
Financial accounting is the framework that dictates the rules, processes, and standards for financial recordkeeping. Nonprofits, corporations, and small businesses use financial accountants to prepare their books and records and generate their financial reports.
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