Bookaid

What are Transactions and Backlogs?
A Transaction is a business that has a monetary impact on the financial statements of a business. Examples of Transactions are: Sale of assets to a third ...
Thu, 15 Apr, 2021 at 10:44 AM
What is an Inventory Count?
An Inventory Count also known as stock-taking is the physical verification of the quantities and conditions of items in a company’s inventory. During an In...
Thu, 15 Apr, 2021 at 10:45 AM
What is an Account System?
An Account System allows a business to track all types of financial transactions including purchases (expenses), sales (invoices and incomes), liabilities (...
Thu, 15 Apr, 2021 at 10:47 AM
What is Company Income Tax?
Company Income Tax is a direct tax which a jurisdiction imposes on the income or capital of the company. It is compulsory to pay Company Income Tax (CIT) b...
Thu, 15 Apr, 2021 at 10:49 AM
What is a Management Account Report?
A Management Account Report gives financial information to business managers to help them make decisions. It is also private and for internal use as oppose...
Thu, 15 Apr, 2021 at 10:50 AM
What is a Budget?
A Budget is a financial plan for a defined period of time, usually a year. A Budget may also include: Resource quantities Planned sales volume and revenu...
Thu, 15 Apr, 2021 at 10:51 AM
What is Cost Control?
Cost Control also known as Cost management is the practice of identifying and reducing expenses to increase profit. It starts with the budgeting process. Co...
Thu, 15 Apr, 2021 at 10:52 AM
What is Financial Modelling?
Financial Modelling is the process by which a firm constructs a financial representation of some or all aspects of the firm. The model is usually characteri...
Thu, 15 Apr, 2021 at 10:53 AM
What is Financial Consultation?
A Financial Consultation provides clients with information that helps them analyze financial information so they can make important business decisions. Fin...
Thu, 15 Apr, 2021 at 10:54 AM
What is TCC?
A tax Clearance Certificate also known as TCC is a confirmation that an applicant’s tax affairs are in order. A Tax Clearance Certificate is also issued to...
Thu, 15 Apr, 2021 at 10:55 AM