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Category: Website business
Like any other aspect of business, the sales process has changed dramatically over the years and the way customers buy has completely shifted. Customers no longer wait for salespeople to guide them through the buying process, and research indicates that about...
Inventory represents a large part of the company’s assets, as it represents a ratio of 30:40 % of the company’s total investments, and sometimes more, and because inventory also has a significant impact on 1- The turnover “sales volume” according to the company’s policy...
Electronic archiving is “the process of using modern information technologies, physical and logical, including computers and software, and communication technologies and their accessories, to carry out all the tasks that were performed by traditional archiving and more, in order to increase control over documents...
What is a trial balance? A trial balance is a list of all the accounts of the facility in the ledger and the purpose of its preparation is to obtain a degree of assurance that the process of recording in the journal and ledger is done correctly...
It is a group of main and sub-accounts in the general ledger and trial balance, which are used to record all financial transactions within the company. Levels of classification of accounts in the accounts tree in the integrated accounting ERP system Afaky...
What is meant by the accounting system: It is a plan that represents a set of procedures and steps for the applied side of accounting, which helps to complete the main functions of accounting in the inventory, recording, classification and summarization of the results of financial operations in the form of financial statements in a way that ensures the achievement of the goals that seek...
What is meant by notes receivable and payable? It is a set of means that have some actual conditions that give them the commercial character and the power of exchange so that their financial value can be obtained in cash by deducting it from the bank, where it can be done through the Afakys Accounting System...
The statement of financial position: - It is a list that expresses the assets (company property) and liabilities (obligations on the company) as well as the property rights at a specific moment so we write the statement of the financial position. Or it is a statement that shows all account balances of assets, liabilities and...
First, the average cost method. This method is based in Afaky accounting program on one price for the stock. This price changes when any new quantities are received in the stores, where the average cost that expresses the price of materials is extracted and this average is calculated by the following equation...