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Cash Flow describes the total amount of money that goes in and out of a business. The Cash Flow for a company is in three parts: Operating Cash Flow: T...

An Accounting System is used to manage the income, expenses and other financial activities of a business. All Accounting Systems operate differently. Most A...

A Debit is an expense or an amount of money paid from an account that results in the increase of an asset or a decrease in a liability or owner’s equity on ...

A Receipt is a written acknowledgement that something of value has been received by one party from another. People use receipts in day-to-day dealings, and...

Return On Investment (ROI) is a performance measure that evaluates the efficiency of an investment or also compares the efficiency of a number of different ...

Credit is a contractual agreement in which a borrower receives something of value and agrees to repay the lender at some later date with consideration, gene...

An Income Statement, also known as profit and loss statement is a financial statement that shows a company’s expenses and revenue for an estimated period of...

An Account Analysis Dashboard, also known as a financial dashboard helps to track all your relevant finance KPIs (Key performance indicators) in one cent...

Account Reconciliation is the process of ensuring two sets of records ( e.g personal records and bank statement) are in agreement. It ensures that money ta...

Tax is a compulsory fee individuals have to pay in order to finance government activities. Personal Income Tax Remittance is the payment of money through l...