An accountant was instructed to record a significant number of journal entries written by the controller of a large company. In order to complete the assignment by the deadline, the…

In accounting, Revenue is the value of all goods and services an organization has provided in an accounting period. This COA is designed specifically for your industry, tailored to account…

They are typically declared by the company’s board of directors and announced in advance. Interest reduces the net income as it is an expense of the company, but Dividend is…

This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a…

Those payments are recorded in your G/L, but they have yet to hit the bank. You need to subtract both checks from your bank balance, as well as any other…

It is also important to develop a plan to complete the inventory; know where and how records are kept, create metadata for the records, disposition, calculate retention periods, and create…

The Quickbooks New Client Checklist is a fundamental tool for efficiently managing your clients’ financial affairs. From setting up accounts to customizing templates, this checklist covers it all, making financial…

Therefore, the bank reconciliation process should be carried out at regular intervals for all of your bank accounts. This is because reconciling the cash book with the passbook at regular…

This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a…

Bond yields can be derived in different ways, including the coupon yield and current yield. Additional calculations of a bond's yield include yield to maturity (YTM) among others. The first…