Accounting is a system of recording and summarizing business and financial transactions. Ancient civilizations including the Mesopotamian, Babylonian, and Egyptian Empires, as well as the Greek city states, were all engaged in trade and organized systems of government, in which they utilized various methods of record keeping and accounting. By the time of the Emperor […]

UK Contractors – What are your Sick Pay entitlements?

For the UK contractors, there are plenty of challenges – securing your next contract, keeping your skills up to date and trying to ensure you manage all your taxation, accounting, and administrative duties. Another consideration is what to do about sickness and long-term sickness at that. First of all, let’s talk about statutory rights. As […]

What Is Accounting?

Traditionally, Accounting has been defined as a process that collects, collates, analyses, interprets and communicates financial data in a prescribed format easily understood by the intended customer. However, Accounting is not an isolated mechanical process; it interacts with the overall financial environment and is interwoven into the business cycle. Today’s Accounting processes provide vital information […]