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If you plan on starting a business , a basic knowledge of the accounting code guide is necessary in order to keep track of your transactions. Even if you are not a bookkeeper and you decide to hire a professional, the basic accounting knowledge is always a plus in the success of your business . Accounting information is organized within the financial system of your company through the Chart of Accounts (COA). A list of all account names and numbers (cost elements) that appear in the company's General Ledger is included in this document . The COA is used to classify transactions as income , expenditure, assets, liabilities and equity. All financial transactions must be coded against an internal order (indicating ownership) and cost element (what the transaction represents), which provide the basis for budgeting, monitoring and reporting. The elements of the COA are: FUND This is a 6 character code which basically describes to source of funding in a transaction. Generally...

Who needs an Energy Performance Certificate ? An Energy Performance Certificate, also known as EPC, is the rating given to specific properties in the United Kingdom region. This grading is normally done for four or more bedroom houses and is used to encourage households to achieve optimum energy efficiency. An Energy Performance Certificate is part of the Home Information Pack . The agent or the seller is required to commission the certificate which is issued by accredited agents called Energy Performance Certificate assessors. The information collected by the assessor includes the location and construction . He is also required to check the fittings such as heating and insulation systems. What information does an Energy Performance Certificate provide? An Energy Performance Certificate is a certificate indicating the energy efficiency of a home. This assessment is indicated through grading which is done on a scale of A to G with the houses belonging to category A being th...

Over 40% of America's largest businesses improve their profitability using outside service providers for their bookkeeping and financial functions. Due to technological advances, this same alternative is now available to small businesses . Firms using the Analytix solution are discovering that moving part or all of their bookkeeping and accounting functions to professional outside providers saves costs while freeing up valuable management time. Starting or buying a new business is a challenging proposition. Our professionals can help guide you through the myriad of issues that arise during this complex process from helping you structure the company to suit your financial goals as well as helping you through the registration of your business with the appropriate local, state and federal authorities. Business owners need to maintain accurate financial records to properly manage their business, while also conforming to government regulations requiring mandated filings, such as fed...