Category Archives: Bookkeeping

What is a Suspense Account? Definition Meaning Example

Content suspense account Other Uses for Suspense Accounts More Definitions of Loan Suspense Account Word of the Day What Are Suspense Accounts? (With Definition and Examples) PARTIAL VARIATION Review it daily Definitions & Translations Error corrected with a journal entry for the difference amount between the affected ledger account and the suspense account. The rules […]

Save More Than $200 on QuickBooks Online Essentials

Content Create Sales Receipts and customers in QuickBooks Online for updated rows in Google Sheets Step 3: Payment Options How to automate your entire workflow in QuickBooks Online Payment Processing for Recurring Payments—A Definitive Guide About The Payment Gateways for Subscription Management Online Accounting: Why You Should Do Your Books In the Cloud in 2022 […]

What are departmental overhead rates?

Content AccountingTools Direct Costs vs. the Overhead Rate Fits with Production Realities Cost Accounting Separating Rates In using departmental and manufacturing overhead rates to determine product costs, indirect costs necessary for normal business operation should be added in to budget allocations. For example, rent, insurance and utilities, which are overhead costs plant-wide, each play a […]

What Is a Comparative Income Statement? Examples and Analysis Tips

Content Best Startup Business Loan Options for Entrepreneurs Definition and Example of Common-Size Income Statement Comparative Statements Vs Non Company Using Common-Size Analysis to Evaluate Trends within a Company Example and Format of Comparative Income Statement Comparative income statements can also reveal if your costs and revenues are consistent. Let’s say in three years your […]

7 ways small-business owners can save on taxes in 2022

Content Tax Savvy For Small Business Steps to Successfully Contribute to a Backdoor Roth IRA ways small-business owners can save on taxes in 2022 Tax Penalties and Abatements What should I do with my rollover or traditional IRA to avoid pro-ration? But make sure you’re getting your business meals from a restaurant. “You can’t get […]

What Is The Difference Between A General Ledger And A General Journal?

Content Accounting And The Importance Of Adjusting Entries Proforma Of Ledger Recent Posts Create Standard Journals General Ledger In Financial Accounting Combination Journals Examples Of Balancing Validations In Journal Workbook Upload You also use it to create the chart of accounts, or the list of all the accounts used in the organization’s general ledger. Today, […]

Accounting Degrees & Careers

Content Should small businesses look for certain accounting software attributes? Important Accounting Skills for Workplace Success Security: Computers in Accounting #3 Inventory Cost Management Cloud Accounting Software is the Future, the Future is Now Why Is Accounting Useful for Small Business Owners? About the Accountants Our expert industry analysis and practical solutions help you make […]