Accounting

Bookkeeping Tips for Small and Start-up Businesses

Posted by on February 8, 2012 at 2:31 pm

Accurate and systematic bookkeeping is a must for any small or start-up business. The general perception of bookkeeping is that it is an overwhelming area which only contains boring monotonous task of recording the details. But this is not true. Bookkeeping in real sense is a wonderful practice which makes the business owners to understand […]

Treatment for Depreciation of Fixed Assets When Preparing Year End Accounts

Posted by on December 16, 2011 at 5:44 pm

The provision for depreciation is an accounting and tax term used to describe the calculation of the physical decline of fixed assets of businesses. Most fixed assets such as plants, equipment, furniture and vehicles decline in value over time as they are used and as they age. Hence, one needs to take into account the […]