Accounting

Real estate accounting involves specific journal entries to track transactions related to property, revenue, expenses, and financing. Below are examples […]

Fund accounting is a specialized accounting system used by nonprofits and government entities to manage resources. It focuses on accountability

Under ASC 842, monthly journal entries for leases depend on whether the lease is classified as an operating lease or

Construction accounting involves unique journal entries due to the nature of the industry, including long-term contracts, percentage of completion, and

ASC 842 is the accounting standard that governs lease accounting. Under ASC 842, lessors must classify leases as either operating

Construction in Progress (CIP) is an account used to track the costs associated with the construction of assets that are

Logistics accounting involves tracking and managing costs and revenues associated with the transportation, storage, and distribution of goods. Below are

Credit card transactions in accounting involve recognizing both the revenue or expense and the corresponding receivable or payable related to

ASC 842 is the accounting standard for lease accounting issued by the Financial Accounting Standards Board (FASB). It provides guidelines

When dealing with invoice accounting entries, the focus is on recording the sale (if you’re the seller) or the purchase

Fixed assets are long-term tangible assets that a business uses in its operations to generate income. Examples include machinery, buildings,

The Allowance for Uncollectible Accounts (also known as the Allowance for Doubtful Accounts or Bad Debt Allowance) is an account