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Examples of Financial Reports

Examples of Financial Reports

Financial reports, also known as financial statements or finance reports hold pivotal data that helps business owners make important decisions. Apart from business owners, creditors, shareholders, and market analysts also rely on information contained within financial...

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Inventory Valuation Methods

Inventory Valuation Methods

A company’s inventory is arguably its biggest and most important asset as it includes all materials, items, goods and merchandise that a company has in stock while waiting for sales completion and order fulfilment. Because the inventory is part of a company’s asset,...

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Inventory Management System For Ecommerce

Inventory Management System For Ecommerce

If you are having a hard time to keep track of your stocks, you are not alone. Many e-commerce businesses, especially big ones had to increase warehouses to keep all the inventories in one place. However, due to the increase in numbers of warehouses, businesses are...

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What is bank reconciliation?

What is bank reconciliation?

A bank reconciliation is a document that compares the cash balance on the balance sheet of a company with the amount on its bank statement. The reconciliation of these two accounts assists in deciding if accounting adjustments are required. Bank reconciliations are...

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What is Cloud Accounting?

What is Cloud Accounting?

Cloud accounting refers to internet transactions. The practice does not require you to install software or own a server on your computer. A business that offers accounting services in the cloud includes remote servers and applications. They grant you access to them...

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Income Tax for Sole Proprietors and Partnerships

Income Tax for Sole Proprietors and Partnerships

As digital platforms progress and mature, individuals can monetise almost anything they set their mind on e.g. blogging, vlogging, online tutorials, personal shopping, driving, moving, virtual consulting, and so on. Having an offline or online business is suddenly the...

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Corporate Tax Malaysia 2020 for SMEs [Comprehensive Guide]

Corporate Tax Malaysia 2020 for SMEs [Comprehensive Guide]

Having a business of your own grants you the freedom to be your own boss, execute your own ideas, work on passion projects, or develop products you are interested in. Regardless of whatever motivations driving you to be a business owner, there are requirements that...

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