Expense Account Journal Entry
An expense account journal entry is used to record any expenses incurred by a business, such as rent, utilities, salaries, […]
Expenses Entries
Journal Entries
Receivable Entries
Factoring Accounts Receivable Journal Entries
Factoring accounts receivable refers to selling its accounts receivable (invoices) to a third party (called a factor) at a discount
Receivable Entries
Collection of Accounts Receivable Journal Entry
When a business collects accounts receivable, it means the company has received payment from a customer who previously owed it
Income Entries
Retained Earnings Accounting Entry
Retained earnings represent the cumulative net income of a company that has been retained (not distributed as dividends) and reinvested
Payable Entries
Accounts Payable and Receivable Journal Entries
Accounts Payable Journal Entries Accounts payable represent amounts a company owes to its suppliers or creditors for goods or services
Revenue Entries
Revenue Accounting Entries
Revenue accounting entries are used by a business to record revenue from its operations, through the sale of goods or
Adjusting Entries
Adjusting Journal Entries in QuickBooks
Adjusting Journal Entries in QuickBooks Online: A Complete Guide adjusting journal entries (AJE) in QuickBooks involves providing clear, step-by-step instructions
Basic Journal Entries
Simple Journal Entries
Simple journal entries involve Basic accounting involves transactions where a single debit occurs in one account and a single credit
Income Entries
Journal Entry for Retained Earnings
Retained earnings represent the cumulative amount of net income that a company has retained, rather than distributed as dividends to
Accrued Entries
Accrued Interest Journal Entry
Accrued interest is interest that has been earned or incurred but not yet paid or received by the end of
Cash Entries
Petty Cash Journal Entry
Petty cash is a small amount of money kept on hand to cover small expenses such as office supplies or
Capital Entries
Capital Lease Journal Entries
Capital leases, also known as finance leases, are long-term lease agreements where the lessee effectively assumes the risks and rewards