Nowadays there are so many ways to raise funding for your small business beyond dipping into your savings. From tax incentive schemes to traditional bank loans, BMC, explains ten finance options for small businesses 1. Fa...

An error of commission An error of commission occurs when a transaction has been posted to the wrong account of the same ‘type’. Examples of type of account are expense, asset, income or liability. For example...

Absorption costing – focuses on the total cost of producing one unit of output, includes fixed production overheads in valuation cost of production. Account – An account is a location where all items relating ...