23 Feb Maintaining the accuracy of an organizations accounting is an important activity as it can result in a huge loss. There are various tools and resources which can be used to limit the potenti
accounting question and need support to help me learn.
Maintaining the accuracy of an organizations accounting is an important activity as it can result in a huge loss. There are various tools and resources which can be used to limit the potential for errors to creep in and address them quickly if any errors do arise. My favourite is MS Excel.
Some of the most common ways of maintaining accuracy in accounting are:
1.Identify revenue streams
2.Keep a close eye on invoices and receipts
3.Prepare tax returns to avoid penalty
4.Prepare financial statements
5.Keep tabs on deductible expenses
Requirements:
