Integration of AI with accounting systems and cloud technologies
🌐 1. Overview Artificial Intelligence (AI) and cloud computing are reshaping accounting by connecting data, systems, and processes in real
Continue reading Use of AI in bookkeeping, data entry and reconciliation
🌍 1. What Is AI Bookkeeping? AI bookkeeping means using machine learning (ML), natural language processing (NLP), and automation tools
Continue reading How will AI change what accountants do?
🌍 1. Automation of Routine Accounting Tasks 🔹 What changes AI automates repetitive, time-consuming, and rules-based accounting tasks such as:
Continue reading Income Statement Format- Merchandising, Manufacturing and Service Company
In practice for financial accounting, we ever knew cost of goods sold ( for merchandising company) or cost of products
Continue reading Cost of Fixed Asset
Cost of Fixed asset may occur via two ways : buying and self construction. 1.Buying Fixed Asset Cost of fixed
Continue reading Cost of Service ( COS)
Cost of service can be applied to an individual customer or as an average cost of service for a group
Continue reading Cost of Inventory- Products / Finished Goods
Cost of Inventory-Products for manufacturing company Cost of Inventory for manufacturing company The examples of manufacturing company are as follows.
Continue reading Advance Clearance Voucher (ACV)
After Advance Request Voucher (ARV) is issued when cash payment for project and expenses, but we do not know how
Continue reading Advance Request Voucher (ARV)
Advance Request Voucher (ARV) is issued when cash payment for project and expenses, but we do not know how much
Continue reading Debit Note
Debit Note is internal accounting document and issued by customers, and Debit Note is issued when we returned goods back
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