Book keeping VS Accountancy Book keeping vs Accountancy difference: When it comes to managing a business’s finances, the terms “bookkeeping” and “accountancy” are often used interchangeably. However, they refer to different processes, both crucial to the financial health of an organization. Let’s break down the key differences between bookkeeping and accountancy in a simple… Read More »
Getting Turnover Certificate Getting turnover certificate, you generally need to follow these steps: 1.Identify the Issuing Authority: Determine the authority or entity that can issue the turnover certificate. This could be your company’s finance department, an accountant, auditor, or any other designated personnel responsible for financial reporting. 2.Request the Certificate: Contact the… Read More »
Understanding the Difference Between Net Worth, Profit, and Turnover In the realm of finance and business, terms like net worth, profit, and turnover are often mentioned in discussions about a company’s financial health and performance. Net worth, profit, and turnover are three important financial terms used in business accounting. It refers to the total value… Read More »
Business Valuation Calculation Business valuation Calculation refers to the process of determining the economic worth of a business, and there are various approaches available to calculate it. These approaches include: 1.Market Approach: This method utilizes comparable market data of recently sold businesses that are similar. By comparing the business with other similar businesses in the… Read More »
