What Is Auditing? Definition, Types & Importance
Auditing originates from the Latin term “Audire”, which means “to hear,” - just as in ancient times auditors used to…
7 min read
Accounting
Articles from Deskera on everything related to accounting, accounting practices, and accounting concepts, covered from a business owner's perspective.
115 posts
Latest Posts
Operating Income: Definition, Examples & Calculation
If you’ve ever looked at an income statement, you’ve probably noticed “operating income” listed as one of the…
6 min read
US Sales Tax & Sales Tax Nexus - A Complete Guide
Having the right knowledge and information about sales tax is crucial for your business so you can charge and remit…
10 min read
The Basics of Cost Accounting
All types of businesses, whether they provide services, manufacture products, or sell merchandise have costs, and thus, require cost accounting…
8 min read
Accounting Basics: The General Ledger
In bookkeeping every financial transaction, whether it’s a sale of merchandise, purchase of equipment, or capital investment, affects the…
9 min read
Net Salary: Definition and Calculation
Net Salary is a key financial term you need to understand before setting up payroll for your employees. Net salary…
5 min read
Statement of Account: Definition, Importance, Components
In an ideal world, everyone respects their deadlines. In the real world, however, clients might not be able to meet…
8 min read
What Is Net Pay? How to Calculate Net Pay (with Examples)
Employees only receive a portion of their initial salary, as a percentage from their income needs to go towards tax…
6 min read
Closing Entries: Definition, Types, and Examples
Every financial transaction goes through an accounting cycle: a multi-step process that records, summarizes, and organizes your transactions into financial…
8 min read
What Is An Expense Report? Guide for Small Businesses
Sometimes, employees have to pay for business expenses from their own pockets. Whether that’s for travel accommodation, business lunches,…
8 min read
Complete Guide to Financial Reporting for Small Businesses
As a small business owner, it’s crucial that you know how to track, manage, and organize your business’ finances.…
12 min read
Cost of Goods Sold Formula | How to Calculate COGS, with Examples
How do you know your business is not bleeding money when you make a sale? One way is to ensure…
6 min read