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 […]
Adjusting Entries
Journal Entries
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
Income Entries
Deferred Income Accounting Entry
Deferred revenue, also known as unearned revenue, refers to payments received by a business for goods or services that have
Closing Entries
Year END Closing Entries
Year-end closing entries are critical in accounting because they ensure that all temporary accounts (revenues, expenses, profits, and losses) are
Closing Entries
Closing Entries Accounting Example
Closing entries are made at the end of an accounting period to transfer balances from temporary accounts such as revenues,
Receivable Entries
Intercompany Receivables Journal Entry
Intercompany receivables arise when one entity within a group of companies provides goods, services, or loans to another entity within
Cash Entries
Journal Entry to Transfer Cash from One Company to Another
Transferring cash from one company to another within a group of companies involves recording intercompany transactions. Here’s how you would
Paid Entries
Paid Liability Journal Entry
When a company pays off a liability, it reduces both the liability and the cash (or bank) account. Here’s how