Bookkeeping

Of course, it would be incredibly difficult, not to mention expensive, to track each individual item. Lot number control is the ability to track all the […]

The need for recording accrued vacations gave birth to a vacation accrual journal. This article outlines a step-by-step method of calculating and recording accrued vacation. Accrued […]

Companies of all sizes repurchase outstanding shares of their stock for a variety of reasons. It can help boost share prices or save some shares as […]

By entering your transactions, you can get a better picture of how your business is doing. Adding income and expenses is incredibly easy; all you have […]

With an accurate record of all transactions, you can easily discover any discrepancies between financial statements and what’s been recorded. This will allow you to quickly […]

Direct integration—ERP systems have connectivity (communications to plant floor equipment) as part of their product offering. This requires that the vendors offer specific support for the […]

They may also be able to provide more objective advice since they are not as invested in the company’s day-to-day operations. However, they may not be […]

You’ll also build a sound understanding of business strategy, operations, and accounting information systems. In-house accountants often focus on the day-to-day tasks of bookkeeping and basic […]

As you’ve learned, the delayed recognition of bad debt violates GAAP, specifically the matching principle. Therefore, the direct write-off method is not used for publicly traded […]