cerrar

Bookkeeping

Bookkeeping

How to Void a Check Voided Check Example

no thumb
To void a check, you will take an unused check for the account into which you would like your money to be deposited. With a pen, you will write the word VOID across the front of the check in large letters. This will prevent anyone from filling out the check and attempting to cash it. If you can’t get a hold of a check to void, an electronic check image, or a pre-printed deposit slip, a last resort solution could be getting proof of your account from a bank. This should be a letter written on a bank’s letterhead, verifying
leer más
Bookkeeping

Contra Account: Definition, Types & Examples

no thumb
The first time a contra asset account is recorded in a journal entry, it is to be deducted from the expense. For example, when the credit amount in allowance for doubtful accounts increases, it is also recorded in the bad debt expense as a debit increase. Accumulated depreciation is a contra asset account used to record the amount of depreciation to date on a fixed asset. The allowance for doubtful accounts is a contra asset because it reduces the value of the accounts receivable (AR) account on the general ledger.The accounting entries for allowance for receivables are as follows.Similarly, if
leer más
Bookkeeping

Best Accounting Degree Colleges in San Diego 2023

no thumb
Once the staff member receives a letter grade to 'Pass' the course, the program will fund the remaining courses through the award of completion. Rely on us to navigate complex and shifting tax laws while you enjoy the benefits of a well thought out plan. A professional accounting firm is a surefire way to take your company, small business, or side project to the next level. They can make sure that your financials are in order so you can do what you do best — run a business. In addition to standard business accounting that’s tailored to your specific needs,
leer más