Month END Closing Entries
Month-end closing entries are essential for ensuring that your financial records accurately reflect the business’s activities for the period. These […]
Closing Entries
Journal Entries
Payable Entries
3 Way Matching in Accounts Payable Journal Entry
Three-way matching is a key control mechanism in accounts payable to ensure that payments are only made for goods or
Balance Sheet
Balance Sheet Entries
Balance sheet entries involve recording and classifying a company’s assets, liabilities, and equity to provide a snapshot of its financial
Closing Entries
Accounting Entries for Closing a Business
Closing a business involves several accounting entries to ensure that all assets are properly liquidated, liabilities are settled, and equity
Cash Entries
Intercompany Cash Transfer Journal Entry.
Intercompany cash transfers occur when funds are transferred between different entities within the same corporate group. These transfers are common
Payment Entries
Lease Payment Journal Entry
Credit card transactions in accounting involve recognizing both the revenue or expense and the corresponding receivable or payable related to
Reconciliation Entries
Bank Reconciliation Journal Entries
Bank reconciliation journal entries is the process of comparing the balances in an entity’s accounting records for a cash account
Accrued Entries
Accrued Payroll Journal Entry
Accrued payroll journal entry refers to the wages and salaries that employees have earned but have not yet been paid
Payable Entries
Bill Payable Journal Entry
Bill Payable Journal Entry is Debit the Purchase/Asset Account and Credit the Bills Payable Account. Bills Payable refers to a
Receivable Entries
Bill Receivable Journal Entry
Bill Receivable Journal Entry is Debit the Bills Receivable Account and Credit the Sales. Bills Receivable refers to a bill
Receivable Entries
Cash Receivable Journal Entry
Cash Receivable Journal Entry is Debit the Accounts Receivable and Credit the Sales Account. Cash Receivable typically refers to the
Revenue Entries
Revenue Recognition Journal Entry
Revenue Recognition Journal Entry is Debit the Cash/Bank Account and Credit the Sales Revenue Account. Revenue recognition refers to the