by How To Set Up | Dec 9, 2025 | Uncategorized
A tax on specific goods such as alcohol, fuel, or tobacco. Usually included in the product price. Requires careful compliance and reporting.
by How To Set Up | Dec 9, 2025 | Uncategorized
The study of differences between actual results and budgeted or standard figures. Identifies areas requiring attention or improvement. A vital managerial accounting tool.
by How To Set Up | Dec 8, 2025 | Uncategorized
The book of original entry where all transactions are first recorded before being posted to the ledger. Each entry shows accounts affected, debit and credit amounts, and a description. It ensures chronological documentation of activities.
by How To Set Up | Dec 7, 2025 | Uncategorized
Tracks purchases, depreciation, and disposals of long-term assets like equipment and buildings. Automates depreciation calculations. Ensures compliance with accounting standards.
by How To Set Up | Dec 3, 2025 | Uncategorized
Shipping costs incurred to bring purchased goods into the business. Included in inventory cost until sold. Helps establish accurate cost of goods.
