Category Archives: Bookkeeping

Expenses Definition Explanation Examples Types Accruals

This requires creating journal entries that debit the income summary account and credit each expense

What is a LIFO Liquidation? with picture

There have been various discussions to amend laws around such liquidation so that companies follow

What is Rate of Return RoR?

The nominal rate of return is the rate of return (RoR) before adjusting for inflation,

Recurring Invoices and Automatic Payments Wave Financial

National Processing also excels in customer service, which we’ve found to be a critical feature

What is Accrued Compensation and How Does it Work?

The key difference between cash accounting and accrual accounting is related to the timing of

Estimating Uncollectible Accounts Financial Accounting

Discover how strong cash forecasting bridges your company’s daily treasury operations with its long-term financial