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  2. Basis of accounting - Wikipedia

    en.wikipedia.org/wiki/Basis_of_accounting

    In accounting, a basis of accounting is a method used to define, recognise, and report financial transactions. [1] The two primary bases of accounting are the cash basis of accounting, or cash accounting, method and the accrual accounting method. A third method, the modified cash basis, combines elements of both accrual and cash accounting.

  3. Perpetual access - Wikipedia

    en.wikipedia.org/wiki/Perpetual_access

    The license holder has indefinite access to a specific version of a software program by paying for it only once. Perpetual access is a term that is used within the library community to describe the ability to retain access to electronic journals after the contractual agreement for these materials has passed.

  4. Installed base - Wikipedia

    en.wikipedia.org/wiki/Installed_base

    The installed base of company's products represents a valuable customer base that is already using their products, services or systems [citation needed].This provides companies with an opportunity to upsell and cross-sell their products to existing customers [citation needed], as well as to use the information about their customer base to inform future product development and marketing efforts.

  5. Accounting standard - Wikipedia

    en.wikipedia.org/wiki/Accounting_Standard

    Accounting standards prescribe in considerable detail what accruals must be made, how the financial statements are to be presented, and what additional disclosures are required. Some important elements that accounting standards cover include identifying the exact entity which is reporting, discussing any "going concern" questions, specifying ...

  6. AI startup Basis raises $34 million for accounting automation ...

    www.aol.com/news/ai-startup-basis-raises-34...

    Artificial intelligence startup Basis has raised $34 million in a Series A funding round for its AI-powered accounting automation product, the company said on Tuesday. The round was led by Khosla ...

  7. 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]

  8. Accounting information system - Wikipedia

    en.wikipedia.org/wiki/Accounting_information_system

    Therefore, many accounting practitioners preferred the manual approach rather than computer-based. 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.

  9. Outline of accounting - Wikipedia

    en.wikipedia.org/wiki/Outline_of_accounting

    Cash and accrual basis – The two primary accounting methods of the cash basis and the accruals basis (the difference being primarily one of timing) are used in three environments: in economics, to calculate US public debt, [1] in financial reporting, as well in tax environment, in order to calculate taxable income for U.S. federal income ...

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