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Basics of Islamic Accounting

Basics of Islamic Accounting

Doing Business in Indonesia: Basics of Islamic Accounting Accounting can be defined as the process of recording financial transactions pertaining to a business. It includes the summarizing, analyzing, and reporting of the company to analyze its performance. This is the conventional definition. But how about if we put the prefix “Islamic?” What would be the…

7 Productivity Tools for Accountants

7 Productivity Tools for Accountants

Doing Business in Indonesia: 7 Productivity Tools for Accountants With the demand for work nowadays, you can be stressed out the moment you return to your home after work. Well, you can employ some work simplification techniques and utilization of productivity tools to make your job easy. Fortunately, there are many productivity tools available in…

Accounting Tips for Indonesian Startups

Accounting Tips for Indonesian Startups

Doing Business in Indonesia: Accounting Tips for Indonesian Startups There are some fundamentals of business that you need to attend to even you’re just a startup. These include People, Operations, Strategy, Finance, Marketing, and Accounting. Among them, we are going to talk about accounting. After all, the role that accounting plays in business can’t be…

Differences Between Accounting and Bookkeeping

Differences Between Accounting and Bookkeeping

Doing Business in Indonesia: Differences Between Accounting and Bookkeeping Bookkeeping is the systematic identification and recording of business transactions and financial events affecting a company. When we say transactions, we’re talking about the trading activities of buying and selling that needs to be recorded in the book of records. The financial events, however, are those…

Tips for Preparing Income Statements

Tips for Preparing Income Statements

Doing Business in Indonesia: Tips for Preparing Income Statements An Income Statement is one of those 3 major Financial Reports to demonstrate the Financial Performance of a company. The remaining two are the Balance Sheet and Cash Flows. Income Statement is also known as Profit and Loss (P&L). Some people also call it Statement of…

6 Key Accounting Skills to Succeed

6 Key Accounting Skills to Succeed

Doing Business in Indonesia: 6 Key Accounting Skills to Succeed When it comes to achieving your dreams, there’s no such thing as shortcuts. Before any success can happen, the person has to sweat hard and build those knowledge, skills, and attitude for work to establish their name in their field. The same goes for a…