Payroll
The major cost of a business goes into payroll or payment for
employees. Thus keeping this part updated is important as it includes
a lot of factors like benefits, allowances, and hikes. A huge part of
accounting and bookkeeping concerns the payroll and thus keeping
that part well organized in essential for the benefit of your business
as well as employees.
The Equity Amount
The amount a business invests in equity shares comes under this
category. It basically shows the amount each shareholder of the
business has invested in the company shares. Maintaining a record of
this is essential in order to know how the share money is distributed