Appointment Scheduling 10to8 10to8 is a cloud-based appointment scheduling software that simplifies and automates the process of scheduling, managing, and following up with appointments. The final step to managing accounts receivable is to write ever... Read more
It should be noted that companies that use cash accounting still track accounts receivable – outstanding bills to customers. They just can't record the revenue and put it on the balance sheet until bills are paid. Accrued revenue is money your compan... Read more
This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Harold Averkamp has worked as a university accounting instructor, accountant, and consultant for more than 25 years. Maintaining copies of vouchers, invoice... Read more
Sal deposits the money directly into his company’s business account. Now it’s time to update his company’s online accounting information. For contra-asset accounts, the rule is simply the opposite of the rule for assets. Therefore, ... Read more
A chart of accounts is an index of all the accounts in the general ledger of a business. If you acquire another company, a key task is shifting the acquiree's chart of accounts into the parent company's chart of accounts, so that you can present cons... Read more
As you saw in our P&L, the COGS ratio is forecasted to average 32% during the ‘plan’ period and beyond, versus 28% for the current year. We’ve put in a ‘penny’ ($0.01) to be conservative, but we do not expect to have any... Read more
Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post. Bench assumes no liability for actions taken in reliance upon the information contained herein. Harold Averkamp has ... Read more
Revenue for federal and local governments would likely be in the form of tax receipts from property or income taxes. Governments might also earn revenue from the sale of an asset or interest income from a bond.... Read more
In this case, the entity could not recognize the payments that they received from customers as revenue. For example, the government of the country where the entity run its business just amount that numbers of the tax rate will increase and it will co... Read more
A journal entry is best described as the recording of debits and credits. It generally includes an effective date, a debit amount, and a credit amount. The accounts that you need to set up to track payroll will generally be an expense account or a li... Read more
