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Accounting basics

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Every business needs to have a list of chart accounts. With that, if you still don't have one, here are some examples you can take into consideration in terms of your business accounting! #chartsofaccounts #accounts #business

Every business needs to have a list of chart accounts. With that, if you still don't have one, here are some examples you can take into consideration in terms of your business accounting! #chartsofaccounts #accounts #business

Accounts Receivable and Accounts Payable: What’s the Difference?

In accounting terms, confusion sometimes arises when working between accounts payable and accounts receivable. These types of accounts are very simila

Debit vs Credit in Accounting

In this world, all the accounting software use debit and credit tools of accounting system. To know the debit and credit and their difference is necessary to pass correct journal entries in the your accounting software. If you still do not know the difference between debit and credit, there is chance of mistake of wrong debit or credit to any account. Due to this, your accounting statement will not show true financial results. So, today, we are trying to teach the differences between debit…

Journal Entry Examples

Top 10 Examples of Journal Entry An example of a journal entry includes the purchase of machinery by the country where the machinery account will be

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Asking people how much money in your bank account? How you decide to budget your money can influence the amount of cash you keep in the bank. The 50/30/20 rule is one of the most popular methods for budgeting by percentages. This budget rule advocates allocating your money into three categories: 50% to needs 30% to wants 20% to savings and debt repayment “Needs” are all of the expenses you need to pay to maintain a basic standard of living. That includes housing, utilities and groceries among o
An invoice is a legal document sent customers to request payment. Here you’ll learn what they look like and what information they must have #accounting #accountingbasics | Learn accounting for free | www.accountingfigured.com