Categoria: Bookkeeping

ContentHow to void a blank check?Financial Planning: The Three Banking Regulations / Law…How to Void a Check You Already WroteOur servicesUse a direct deposit authorization formAuthorize a government agency to direct deposit your benefitsAlternatives to a Voided Check No, although it’s common for both a direct deposit form and a...

ContentExpenditure AccountHow is a chart of accounts organized?Example Chart of AccountsWhat are some accounting concepts? Different formats or forms of accounts are now in practice. The accounts pertaining to person and company are known as personal accounts. For instance, Alice Account, Total Online Solution Account, etc. Current Assets include petty...

Content1 Job Order v. Process CostingSetting Up The Right Costing SystemProcess costingDifferentiate between job costing and process costingDownload a free copy of "Preparing Your AP Department For The Future", to learn:Managerial Accounting: Midterm Discussion Questions Each job’s cost is calculated using process costing. Where standardized items are created, process costing...

ContentAccount descriptionsWhat Is a Chart of Accounts?Define Categories and Sub-CategoriesAdd a new Account (Manual Setup of CoA)How to set up a chart of accounts The chart of accounts is therefore the foundation of the financial statements. Each of the expense accounts can be assigned numbers starting from 5000. Typically, when...