Accounting Tools

JULY 24, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What are the Basics of Financial Accounting? This article gives an overview of financial accounting basics for the non-accountant. Its orientation is toward recording financial information about a business.

Financial Accounting 75

Financial Accounting General Ledger Accounting Accounting 75

Accounting Tools

DECEMBER 19, 2023

These tasks are handled by the billing clerk , payables clerk , cashier , and payroll clerk , respectively. There are also a number of business transactions that are non-repetitive in nature, and so require the use of journal entries to record them in the accounting records.

General Ledger 75

General Ledger Accounting Accounting Financial Statements 75

Accounting Tools

MAY 21, 2023

A journal entry is used to record a business transaction in the accounting records of a business. A journal entry is usually recorded in the general ledger ; alternatively, it may be recorded in a subsidiary ledger that is then summarized and rolled forward into the general ledger.

General Ledger 75

General Ledger Financial Statements Accruals Payroll 75

Accounting Tools

NOVEMBER 1, 2023

Areas of Accounting Specialization There are many sub-fields within accounting in which a person can specialize. For example, there are tax accountants , cost accountants , payroll clerks , billing clerks , general ledger accountants , and collection clerks.

General Ledger 75

General Ledger Accounting Accounting Financial Statements 75

Billing Platform

OCTOBER 4, 2023

To establish best practices, eliminate confusion and standardize the recognition of revenue, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) developed a framework – Accounting Standards Codification (ASC 606) – for more consistent revenue recognition.

Financial Statements 85

Financial Statements General Ledger Billing Data Entry 85

Accounting Tools

JUNE 8, 2023

With a computerized accounting system, there is usually a default account associated with each supplier, so that the system assigns the amount listed on a supplier invoice to the default account (unless you override it). Such transactions may also be posted directly to the general ledger.

Financial Statements 75

Financial Statements General Ledger Accounting Accounting 75

Nanonets

APRIL 10, 2024

  Distribution and manufacturing Companies with warehousing and manufacturing operations need special features that Sage 100 provides via modules for inventory control and order fulfillment, production planning and scheduling, and Bills of Material for ordering parts and manufacturing. 

General Ledger 52

General Ledger Purchase Order AP Invoice Processing 52