Accounting Tools

JULY 18, 2023

When an account payable is paid, debit accounts payable and credit cash. Payroll entry. When recognizing payroll expenses , debit the wages expense and payroll tax expense accounts, and credit the cash account. Petty cash entry. Example Asset Journal Entries Cash reconciliation entry.

Petty cash 75

Petty cash Accounts Payable Accounts Payable Payroll 75

Accounting Tools

MAY 21, 2023

The position can be assisted by an outside CPA who advises on how to record certain of the more complicated business transactions. For example, a billing clerk, payables clerk, or payroll clerk may report to the bookkeeper. The full charge bookkeeper may supervise various accounting clerks.

Bookkeeping 75

Bookkeeping Petty cash Payroll Reconciling 75

Accounting Tools

JUNE 8, 2024

The bookkeeper may also work with an outside CPA, who advises on the proper accounting procedures, and who may review the bookkeeper’s financial statements. The bookkeeper position is intended to be a freestanding position where there is no more senior person in the accounting department, so reporting to the owner makes the most sense.

Bookkeeping 40

Bookkeeping Petty cash Financial Statements Deposits 40

Nanonets

JUNE 29, 2023

It provides features such as expense tracking, automated expense approvals, and integration with payroll systems. It’s a single app for various features such as receipt scanning, automatic expense categorization, policy enforcement, approval workflows, and seamless integration with popular accounting systems.

Expense Reports 52

Expense Reports Data Entry Invoicing Budgeting 52

Nanonets

JANUARY 17, 2024

Streamline reimbursement by integrating with HR and payroll software for a smoother process. It provides features such as expense tracking, automated expense approvals, and integration with payroll systems. An OCR-based system can directly extract data from your expense documents and ingest the data in structured format.

Expense Reports 52

Expense Reports Budgeting Data Entry Auditing 52

Cloud Accounting Podcast

MAY 18, 2020

Paycheck Protection Program, CARES Act, unemployment insurance, furloughs, layoffs, cash flow, CDC guidance, employee safety, paid leave, tax credits - tracking all of the constantly changing COVID-19-related information for your clients is getting overwhelming. Just to recap quickly, Michael Mann had a couple payroll companies.

Payroll 40

Payroll Billing Deposits Auditing 40