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The process of Bookkeeping may seem insignificant for the business, but it is a necessary function that should be performed by all the businesses, no matter the size of the business. Bookkeeping is a process of recording each and every...

An escrow is a financial management where a third party maintains and controls the transfer of the funds needed by two parties involved in a transaction. It helps make transactions safer by holding the payment in a stable escrow account...

The benefits of accounting for business are numerous and effective. Accounting is considered the very lifeblood of a business, and its importance is known to every businessman. With an increase in business opportunities, there has also been an increase in...

The importance of bookkeeping is known to every company. It is the backbone of every financial data, and if this process is not performed correctly, the company may face huge problems in the future. Proper bookkeeping will allow the management...