Blogs

You must be aware that all businesses use a chart of accounts to manage their finances precisely. Click to know about the importance of chart of accounts.

A Chart of Accounts is a list of all the accounts used by businesses for financial management. Click and know the common types of accounts under the same.

A Chart of Accounts is popularly used by businesses of all types to simplify their firm’s financial management. Click and know further about the same.

Two of the most popular accounting software options for small businesses for financial management are Xero and QuickBooks. Read the benefits of the same.

Business owners must have precise financial management. And this involves managing liability account properly as well. Click and understand how to do so.

Business owners try to avoid liability account, as it is a debt account which is not good. Read to know what causes an increase in the liability account.

A liability account is not good news. Click and know what makes a liability account go down so you can stay on track and have better financial management.

A Real Account is a General Ledger account that is not closed at the end of a period or at the end of the accounting period. Click to learn more about it.

A contingent Liability is a type of liability account accounting. Few are aware about the definition of it because it is a bit complex. Click to know more.

Non-Current Liabilities are a type of liability account under accounting, about which, as a business owner, you should know. Click and understand further.

There are three types of liability accounts under accounting. One of which is, Current Liability Account. Click and understand the definition of the same.

Liability accounts are business’ debts account, where all the legally binding obligations payable to a third party are stored. Click and know the types.