Journal
A type of document for recording transactions in sequential order is called a Journal, in which transactions are recorded by date and amount.
Journalizing
Once a transaction is recorded in Journal, it is called journalizing. (more…)
What is Customer Management and why Does it Matter?
on November 02, 2016
Customer management includes all the systems, processes, application that a company designs or adopt to manage their customers. Customer management is also conducting research to understand customer behavior, buying decisions, and demographics.
Customer Management as a Goal
Customer management is an important goal for successful business, it helps to retain and develop the base of core customers. Customer management lets firms know if their services satisfy customer requirements or not. (more…)
How to Create Customer Acquisition Plan?
on November 02, 2016
Customer Acquisition
It refers to the process of acquiring new customers, it involves convincing customers to buy company’s product or services. Companies think about the cost of acquiring customer as very important measure
In determining how much customers bring value to their businesses, you can understand customer acquisition management as a link in between advertising and customer relationship management. (more…)
What is the Internal Control and What are its Elements?
on November 02, 2016
INTERNAL CONTROL Internal control’ is meant not only as an internal check and internal audit but the whole system of controls, financial and otherwise, established by the management in order to carry out the affairs of the Business/Business in an orderly manner, to safeguard its assets and to secure, as far as possible the accuracy, reliability and timely preparation of its accounting records and financial statements.
The Elements of Internal Control
Plan of Business
There can be no effective internal control without an adequate Business plan. This involves the separation of the Business’s operations into appropriate divisions and sub-divisions, the appointment of persons to assume responsibility for each division, sub-division. (more…)
What are the Benefits of CRM and ERP System Integrated with Accounting System?
on November 02, 2016
Integrated Systems
Do you know what are the real Benefits of CRM? In today’s fast connected world, it is difficult to re-enter your data into the system over and over again. To be honest, it’s really time wasting, so the people who are involved in making buying decisions for the company show interest in buying an integrated ERP, CRM, and Accounting system. (more…)