What’s The 50% Rule in Accounting?
July 22, 2023 - Improve Accounting

The 50% rule in accounting is a guideline businesses use to classify expenses. If an expense is more than half the cost of replacing an asset, it’s a capital expenditure.┬áThis rule is important for companies to record expenses an keep proper financial records. It helps differentiate between costs that are big enough to be capital […]

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What are The Basic Rules for Journal Entries in Accounting?
July 18, 2023 - Improve Accounting

Accurate journal entries are crucial in accounting – they provide the basis for financial statements and reports. These entries document daily business transactions, making sure every one is recorded and classified properly. If entries are inaccurate, financial data could be unreliable – leading to incorrect financial statements and potentially poor decision-making. What are the basic […]

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Final Step Before ISO 9001 Certification is Data Management
February 27, 2022 - Obtain ISO Certification

Putting an ISO 9001 Quality Management System in place is manageable when done is stages. Clause 7 record keeping is extensive, and it makes sense to save it for the last phase.

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What Document Control System is Most Effective?
December 5, 2021 - Automate Policy Management

You can eliminate many of the headaches of a manual document control system by using document management software (DMS) for your ISO 9001 document and record control.

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