Author: admin@tritekids.co.uk

Think of the general ledger as a summary sheet where all transactions are divided into accounts. It lets you track

CRM (Customer Relationship Management), ERP (Enterprise Resource Planning), and other technological systems can help identify transactions related to sales, expenses,

While much of this detail is completely automated if you’re using accounting software, you now understand the accounting cycle from

It reduces the impact of inflation, assuming that the cost of purchasing newer inventory will be higher than the purchasing

This method dictates that the last item purchased or acquired is the first item out. This results in deflated net