A columnar petty cash book is a record of transactions maintained in a columnar format. So, let’s understand how petty cash vouchers work and the step...

But if you haven’t checked in on your plan lately, you might be missing out on some significant new features.... Get professional setup and training f...

While not legally required, some employers offer a shift differential, paying more for hours worked outside of a standard daytime schedule. This diffe...

The IFRS digital taxonomies facilitate the reporting of information prepared in accordance with IFRS Standards in a computer-readable, structured data...

As an S corporation owner, you are legally required to be paid a reasonable salary. Top payroll companies have software tools that help Accounts Payab...

Tax deductions are a reduction in the amount of income that is subject to taxation. It allows taxpayers to lower the amount of taxable income they hav...

If the old check isn’t six months old, or if you want an extra layer of protection, two strategies can protect you. Gain comprehensive visibility into...

At the end of 5 years, the company will retire the bonds by paying the amount owed. To record this action, the company would debit Bonds Payable and c...

That said, mark-to-market accounting has been a part of the Generally Accepted Accounting Principles (GAAP) since the 1990s. Let’s go over the reasons...

Also a stockholders’ equity account that usually reports the cost of the stock that has been repurchased. A long-term asset account reported on the ba...