The Controller’s Career Path And Qualifications

This has freed bookkeepers from much of the traditional data-entry work, letting them step into more of an advisory adjusting entries role. Since bookkeepers often know their clients’ businesses in intimate detail, this shift makes intuitive sense. Full Charge...

Income Tax Expense On Income Statement

This shows that a specific expense account is recorded when a cash payment is made. The expense could be one of many in the business’s chart of accounts. Liabilities are any items on the balance sheet that the company owes to financial institutions or vendors. They...

7 Best Check

Is A Signature Required On The Back Of A Check? This is a possibility if the other person is unable to cash the check for physical or medical reasons, among other issues. To obtain power of attorney, download a power of attorney form and have the other person sign it....

How Do Capital And Revenue Expenditures Differ?

Understanding Operating Expenses (Opex) Examples of CAPEX include physical assets such as buildings, equipment, machinery, and vehicles. There is a presumption that the fair value of an intangible asset acquired in a business combination can be measured reliably....

Sage 300’s Infamous Payables Clearing Account

For example, a business may put construction costs into a clearing account until a project is completed. When the construction is finished, the entire cost is transferred to the appropriate permanent account. In each of these examples, clearing accounts serve to keep...