Retail Accounting

A Comprehensive Guide on Retail Accounting

What is Retail Accounting Retail accounting is a unique inventory valuation and is more of an inventory management process than an accounting method. Under retail accounting, you will estimate inventory value rather than calculating manually. You will also assume price changes, price rates across all units of the same item, and constant prices. Through these assumptions,…

A Comprehensive Guide on Travel Agency Accounting

What is Travel Agency Accounting Under travel agency accounting, all the transactions in the business are recorded. Every travel agency looks after bookkeeping and accounting to oversee various financial operations that include selling travel packages, booking hotels, and managing travel expenses. Through travel agency accounting, you can maintain financial records and reports which if neglected…