article thumbnail

Payables clerk job description

Accounting Tools

Must be detail oriented and comfortable using computer-based accounting systems.

article thumbnail

The accounting cycle definition

Accounting Tools

Step 2: Prepare Business Document Prepare the business document associated with the accounting transaction, such as a supplier invoice , customer invoice, petty cash voucher , or cash receipt. Such transactions may also be posted directly to the general ledger.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Petty cash book definition

Accounting Tools

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is the Petty Cash Book? The petty cash book is a recordation of petty cash expenditures, sorted by date. Thus, the book is part of a manual record-keeping system.

article thumbnail

Chart of Accounts – How to Get Organized & Efficient

AvidXchange

Chart of Accounts 101 A chart of accounts (COA) is a list of all accounts—including asset, liability, expense, revenue, and equity—that are included in a business’s general ledger. The size of the company will largely determine the number of accounts listed in a company’s COA.