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  2. Accounting Software: A Buyer's Guide - AOL

    www.aol.com/accounting-software-buyers-guide...

    [Read more: 17 Accounting Terms To Know (Even If You Have an Accountant)] Core accounting software features. Accounting software maintains your company’s general ledger and tracks costs and ...

  3. Chart of accounts - Wikipedia

    en.wikipedia.org/wiki/Chart_of_accounts

    In practice, changes in the market value of assets (negative) or liabilities (positive) are recognized as losses while, for example, interest or charitable contributions are recognized as other expenses. Income is the term generally used when referring to revenue and gains together. A separate term for the aggregation of expenses and losses ...

  4. Term sheet - Wikipedia

    en.wikipedia.org/wiki/Term_sheet

    A term sheet is a bullet-point document outlining the material terms and conditions of a potential business agreement, establishing the basis for future negotiations between a seller and buyer. It is usually the first documented evidence of a possible acquisition . [ 1 ]

  5. Accounting software - Wikipedia

    en.wikipedia.org/wiki/Accounting_software

    Some reasons cloud accounting software is preferred by users is there is no need to worry about maintenance or hardware system upgrades, it can reduce overall costs, and that a user can gain access from multiple locations. One of the primary reasons cloud accounting software is not being used is the threat of the security of the data. [7]

  6. End of the year business checklist: 7 tasks to do now - AOL

    www.aol.com/end-business-checklist-7-tasks...

    A balance sheet to track business assets, liabilities, and equity. An income statement that shows company profits. A loss statement that shows where you experienced financial loss.

  7. Accounting information system - Wikipedia

    en.wikipedia.org/wiki/Accounting_information_system

    Today, accounting information systems are more commonly sold as prebuilt software packages from large vendors such as Microsoft, Sage Group, SAP and Oracle where it is configured and customized to match the organization's business processes. Small businesses often use accounting lower costs software packages such as Tally.ERP 9, MYOB and ...

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