Meredith Parker asked: Depreciation is the accounting practice of spreading the costs of fixed assets over their useful economic life. Fixed assets are items that a business needs to purchase for long term use, things such as buildings, machinery, equipment, furniture and tools. Depreciation is a non-cash or bank expense that allows for a provision …
Category Archives: Accounting and Taxes
Accounting Software Development
Madhav Karedla asked: In this article we will discuss what are the various issues involved when you set out to develop a accounting software or database software. To develop an accounting software, you need to be familiar with using Visual Studio (language can be either VB or C#) and SQL Server. Additionally, you need to …
Accounting Basic – What is Accounting?
Ana Orwel asked: Accounting is the use of a system of terms, formulas, and other record-keeping devices that allows businesses to calculate, track, and compare their financial growth, or recession in some cases. The basic concept of accounting, the accounting equation, involves recording and calculating assets of the business, liabilities, and equity. That way, financial …
Small Business Accounting Software
Paula Scoplin asked: If you are setting up a small business or a home based bookkeeping business, ideally you will be looking to use suitable software to keep track of the accounts for each business. There are a multitude of products out there that can help you do this but short of reviewing each one …