Count Limited acquires 51% shares in Solutions Centric for $4.1m

SYDNEY, AUSTRALIA: Count Limited (ASX:CUP), a leading provider of group services and solutions to accounting and financial planning businesses, has announced the acquisition of Solutions Centric, an Australian company that provides offshore accounting, tax and SMSF services out of India. The acquisition, which is expected to complete before 31 March 2024, will see Count acquire…

Account

An account is a record of financial transactions between a customer and a bank or other financial institution. Accounts can be used to track deposits, withdrawals, and other transactions. There are many different types of accounts, including: When opening an account, you will need to provide the financial institution with some basic information, such as…

Trial balance

A trial balance is a bookkeeping worksheet that lists the balances of all ledgers (accounts) that have nonzero balances. A trial balance is an important step in the accounting process, because it helps identify any mathematical errors throughout the first three steps in the cycle: journalizing transactions, posting them to the ledger, and preparing an unadjusted trial balance. It also provides the basis…

Ledger

A ledger is a book or digital record that stores bookkeeping entries. The ledger shows the account’s opening balance, all debits and credits to the account for the period, and the ending balance. Ledgers may contain detailed transaction information for one account, one type of transaction, or—in the case of a general ledger—summarized information for all of a company’s financial…

Accounting

Accounting is the process of recording, classifying and summarizing financial transactions. It provides a clear picture of the financial health of your organization and its performance, which can serve as a catalyst for resource management and strategic growth. Accounting also involves the communication of financial and non-financial information to various stakeholders such as investors, creditors, regulators, and tax authorities. Accountants Accountants are the backbone of…