Logistics Accounting Entries
Logistics accounting involves tracking and managing costs and revenues associated with the transportation, storage, and distribution of goods. Below are […]
Accounting
Accounting Entries
Salary Entries
Journal Entry for Payroll Liabilities
Payroll liabilities refer to the amounts that a company owes to employees for work performed, as well as amounts owed
Accounting
Credit Card Accounting Entries
Credit card transactions in accounting involve recognizing both the revenue or expense and the corresponding receivable or payable related to
Accounting
ASC 842 Journal Entries
ASC 842 is the accounting standard for lease accounting issued by the Financial Accounting Standards Board (FASB). It provides guidelines
Inventory Entries
Inventory Accounting Entries
Inventory accounting involves tracking and recording the costs associated with inventory, from purchase to sale. Below are examples of common
Accounting
Invoice Accounting Entry
When dealing with invoice accounting entries, the focus is on recording the sale (if you’re the seller) or the purchase
Depreciation Entries
Depreciation Expense Journal Entry
Depreciation expense journal entry is Depreciation Account Debit and Fixed Asset Account Credit. Depreciation is the process of allocating the
Accounting
Fixed Assets Accounting Entries
Fixed assets are long-term tangible assets that a business uses in its operations to generate income. Examples include machinery, buildings,
Accounting
Allowance for Uncollectible Accounts Journal Entry
The Allowance for Uncollectible Accounts (also known as the Allowance for Doubtful Accounts or Bad Debt Allowance) is an account
Inventory Entries
WIP Journal Entry
Work in Progress (WIP) refers to goods that are partially completed during the manufacturing process. The accounting for WIP involves
Accounting
Bad Debt Expense Journal Entry
Bad Debt Expense Journal Entry is Debit the Bad Debt Expense Account and Credit the Accounts Receivable. Bad Debt Expense
Basic
Basic Journal Entries
Basic journal entries are the fundamental building blocks of accounting. These entries record the financial transactions of a business in