Home » Bookkeeping articles

Bookkeeping articles

Latest posts

Source Documents for Accounting Transactions

Source Documents for Accounting Transactions

July 3, 2023
Bill Kimball

Many businesses and government agencies also use the IRS standard of complete, legible, and accurate reproductions of original documents. A timesheet is a data table that an employer can use to track the time that a particular employee has worked during a certain period. Businesses use timesheets to record time spent on tasks, clients, or […]

What Is the Accounting Cycle? Steps and Definition

What Is the Accounting Cycle? Steps and Definition

July 3, 2023
Bill Kimball

Finally comes trial balance- comprising credits and debits from both ledgers- which helps ensure accuracy when preparing financial statements like income statements or balance sheets down the line. The second step in the cycle is the creation of journal entries for each transaction. Point of sale technology can help to combine steps one and …

Top 134 Accounting Interview Questions and Answers PDF

Top 134 Accounting Interview Questions and Answers PDF

July 3, 2023
Bill Kimball

It is an expenditure that is revenue in nature and incurred during an accounting period, but its benefits are to be derived from a number of following accounting periods. Accrued Income is income that has been earned, but has not been recorded in the books of accounts presently. Similar to accrued expenses, an adjustment entry […]

Complete Guide to Accounts Receivable Process

Complete Guide to Accounts Receivable Process

July 3, 2023
Bill Kimball

The Accounts Receivable Team is responsible for estimating and supporting accounting for doubtful Covered Accounts Receivables in the university’s reports and financial statements. Brianna Blaney began her career as a fintech writer in Boston for a major media corporation, later progressing to digital media marketing with platforms in San …

Best Bookkeeping Courses Online

Best Bookkeeping Courses Online

June 30, 2023
Bill Kimball

You really have to do some self-reflection on that aspect of your identity. Don’t blame it on the course you purchase if you’re disappointed because half the materials are marketing if you’re not interested in running your own business. Running a business is so hard and you need those materials if you’re going to do …