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. This 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 […]
Read moreAccurate 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 […]
Read morePutting 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.
Read moreYou 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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