Definitions of accounting firm. a firm of accountants who provide accounting and auditing services for a fee. type of: business firm, firm, house. the members of a business organization that owns or operates one or more establishments.
Small business accounting is all about the process, system, and people (your team members). It is done by recording expenses, profits, and financial information of each business transaction. These tasks are essential to track and manage money effectively, crucial during the early stages of development
Most ecommerce sellers don’t go into business for accounting.
But to run a profitable, healthy business, it’s crucial to understand your numbers.
And for ecommerce, there are a few key definitions and systems that you need to know in order to give yourself the best chance at success.
Regardless of whether you are a seller or an ecommerce accountant needing an overview, this is the place to start.
Limited Liability Partnership (LLP) is a type of business entity sharing features of a partnership firm and a company. LLP's are regulated by the Registrar of Companies, Ministry of Corporate Affairs. LLP is a legal entity, separate from its partners and it has perpetual succession.
