Category: Bookkeeping


What is Payroll Accounting?

Content What is payroll accounting? A guide for small business owners Job brief Payroll liabilities vs. payroll expenses Record payroll liabilities and expenses Step 13. Deposit Withheld Taxes Payroll Accountant job description With respect to disadvantages, when companies outsource their payroll system, they must rely on individuals outside the business for accurate accounting. In the event […]


Reversing entries

Content Example of a Reversing Journal Entry What is an example of a reversing entry? All You Should Know About Reversing Entries They reduce the likelihood of accounting errors You want to make sure to identify the reversing accounting entries related to the prior period’s entries and those that you’re using as correcting mechanisms. Journal […]


What Is the Difference Between Cash and Accrual Accounting?

Content How do you change from cash basis to accrual? Understand how accrual accounting impacts your business and when to use it. Benefits of cash accounting What Is Accrual Accounting? SellersFunding is one example of a service for ecommerce sellers to raise their capital this way. Sellers need to forecast cash flow in order to […]


A static budget report A shows costs at only 2 or 3 different levels of activity

Content Static Budgets vs. Flexible Budgets c. variable costs and fixed costs. How to Prepare a Master Budget for a Business What Is Earned Revenue in an Operating Budget? Budgetary control process A budget prepared at a single volume of activity is referred to as a _______. Strategic budget static budget standard budget flexible budget. […]

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