Accounting Tools

JUNE 12, 2023

Observe the physical inventory count , obtain confirmation of inventories held at other locations, test shipping and receiving cutoff procedures, examine paid supplier invoices, test the computation of allocated overhead , review current production costs, trace compiled inventory costs to the general ledger. Fixed assets.

Financial Statements 76

Financial Statements Auditing General Ledger Bank Reconciliation 76

Accounting Tools

MAY 3, 2023

Adjusting entries are journal entries recorded at the end of an accounting period to alter the ending balances in various general ledger accounts. The first is the accrual entry, which is used to record a revenue or expense that has not yet been recorded through a standard accounting transaction. Why Make Adjusting Entries?

Accruals 40

Accruals General Ledger Bank Reconciliation Financial Statements 40

Cloud Accounting Podcast

JUNE 28, 2020

You go back in time to desktop computers, and desktop software. Your computer did what you did. Your computer wasn't phoning home somewhere, and it wasn't some human doing something. You know, back in my day with the desktop computers." David Leary: [00:05:59] I know! They'll do cash, or accrual accounting.

Bookkeeping 40

Bookkeeping QuickBooks Payroll Auditing 40