Accounting Articles

What Is An Accounting Journal?

You may have a sales journal, a purchases journal, and an accounts receivables journal among others. Reconciliation is an accounting process that compares two sets of records to check that figures are correct, and can be used for personal or business... Read more

What Does Janitorial Expense Means?

In the cost of revenue or services, fixed costs will not be included. Other indirect expenses likes, fixed salaries, administrative expenses will not be included in the cost of revenue. When claiming actual expense is where you track all expenses rel... Read more

The Entry To Adjust The Accounts For Salaries

Generally, one-half of FICA is withheld from employees; the other half comes from your coffers as an expense of the business. The amounts are a little different in 2012 because of the payroll tax break. The primary distinction between cash and. Read more

What Is Meant By Nonoperating Revenues And Gains?

While preparing a company’s income statement, you should consider the effects of both operating and non-operating components. Earnings are perhaps the single most studied number in a company'sfinancial statements because they show profitability... Read more

What Is A Balance Sheet Forecast?

The easiest way to create a revenue forecast is to input your annual growth rate. Look at the percentage growth in revenue over previous periods, and use that information to make an informed assumption about your future revenue. Pro forma financial. Read more