Accounting Basics: The General Ledger
In bookkeeping every financial transaction, whether it’s a sale of merchandise, purchase of equipment, or capital investment, affects the…
9 min read
Accounting Cycle
Accounting Cycle
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Latest Posts
Net Salary: Definition and Calculation
Net Salary is a key financial term you need to understand before setting up payroll for your employees. Net salary…
5 min read
Statement of Account: Definition, Importance, Components
In an ideal world, everyone respects their deadlines. In the real world, however, clients might not be able to meet…
8 min read
What Is Net Pay? How to Calculate Net Pay (with Examples)
Employees only receive a portion of their initial salary, as a percentage from their income needs to go towards tax…
6 min read
Closing Entries: Definition, Types, and Examples
Every financial transaction goes through an accounting cycle: a multi-step process that records, summarizes, and organizes your transactions into financial…
8 min read
Journalizing Transactions: Definition and Examples
Journalizing transactions is the process of recording and tracking any transaction that your business performs. This recording is the building…
11 min read
What is the Accounting Cycle?
One of the most crucial components to ensure that your business runs smoothly is its 'money.' After all, money…
4 min read