Accounting Tools

JULY 18, 2023

When goods or services are sold on credit, debit accounts receivable and credit sales. If a sale is for cash, then the debit is to the cash account instead of the accounts receivable account. Allowance for doubtful accounts entry. Example Expense Journal Entries Accounts payable entry.

Petty cash 75

Petty cash Accounts Payable Accounts Payable Accounts Receivable 75

Less Accounting

NOVEMBER 18, 2022

January through April can feel like an all-out scramble to collect and track down information for your CPA. From there take a look at your accounts receivable and accounts payable. Prep for your CPA Reports to Run When you want to prepare for tax season, you’ll need to know how to run reports for your accountant.

Tax 52

Tax Accruals CPA Bookkeeping 52

Cloud Accounting Podcast

AUGUST 3, 2020

David Leary: [00:09:37] Unless some miracle happens on the Hill tomorrow, or today possibly - I'm sure they've worked all weekend- Blake Oliver: [00:09:45] This is not good news, but I do have a little bit of good news, which is that the IRS is making it easier to change your accounting method during the pandemic.

QuickBooks 40

QuickBooks XERO Bookkeeping Payroll 40

Cloud Accounting Podcast

JUNE 1, 2020

So, now, account administrators can set up time-off codes and accruals; admins and managers can enter time off in bulk; admins and managers can approve or deny team members' time-off requests; and depending on the account settings, team members can enter time off, or they can request time off. David Leary: [00:45:19] Really?

Tax 40

Tax Billing QuickBooks Payroll 40