Accounting

Goodwill is an intangible asset representing the excess value paid by a company when acquiring another business, over and above […]

When a business collects accounts receivable, it means that the customer has paid the amount owed for goods or services

FreshBooks is known for its user-friendly accounting software, but it also supports double-entry accounting, an essential feature for maintaining accurate

Homeowners’ Associations (HOAs) often set aside funds in a reserve account to cover future large expenses, such as major repairs,

Step-by-Step Guide to Creating a Journal Entry in Xero Step 1: Log in to Your Xero Account Step 2: Go

When accounting for government grants, different approaches are taken depending on the nature of the grant. Below are examples of

When a check is voided, it means it will no longer be accepted, either because it was issued in error

Under ASC 842 (Leases), the accounting for subleases depends on whether the sublease is classified as a finance lease, operating

A journal sheet Accounting is where individual financial transactions are recorded in detail before posting to the ledger. It includes

Entry-level accounting involves basic accounting tasks typically handled by those new to the profession. These tasks often focus on recording

SBITA (Subscription-Based Information Technology Arrangements) journal entries With detailed explanation for various scenarios like opening balance, subscription changes and termination

Recording the employer’s contribution to the 401(k) plan includes the company’s responsibility for the retirement plan and identifying related expenses