Invoice Journal Entry with Examples
What is the Journal Entry for an Invoice? When a business sends invoice to customer, it records sales transaction. The […]
Accounting
Accounting
Accounting
Journal Entries in Accounting with Format, Rules, Types, and Examples
What is a Journal Entry? A journal entry is a record of a financial transaction in the books of accounts.
Accounting
Basic Accounting Entries for Interview With Examples
Understanding the basic journal entries is essential for anyone preparing for accounting job interview. Below are common entries with examples
Accounting
Income Summary Closing Entry
Income Summary Closing Entry—Journal Entries Explained with Examples At the end of an accounting period, temporary accounts, which is a
Accounting
Journal Entry Samples
What is a Journal Entry? A journal entry is first step in the accounting cycle. It records business transactions using
Accounting
Starting a Business Journal Entry
What is the journal entry when starting a business? When a business owner starts a business, they usually invest money
Accounting
Goodwill Journal Entry
Goodwill is an intangible asset representing the excess value paid by a company when acquiring another business, over and above
Accounting
Journal Entry for Collecting Accounts Receivable
When a business collects accounts receivable, it means that the customer has paid the amount owed for goods or services
Accounting
Freshbooks Double Entry Accounting
FreshBooks is known for its user-friendly accounting software, but it also supports double-entry accounting, an essential feature for maintaining accurate
Accounting
HOA Reserve Accounting Journal Entry
Homeowners’ Associations (HOAs) often set aside funds in reserve account to cover future large expenses, such major repairs, replacement of
Accounting
Xero Journal Entry
Step-by-Step Guide to Creating a Journal Entry in Xero Step 1: Log in to Your Xero Account Step 2: Go
Accounting
Grant Accounting Journal Entries
When accounting for government grants, different approaches are taken depending on the nature of the grant. Below are examples of