Spring cleaning is a staple in households for a reason. Over time, things get pretty messy, especially when you’re busy. And in business, the same thing can happen to your accounting books. Do your books need tidying up? Use our bookkeeping clean-up checklist to get started.
Read More A Comprehensive Bookkeeping Clean-Up Checklist: Master Your BooksGeneral Ledger Articles
General Ledger - Tips, Training, and News
What Is Notes Payable, and How Do You Record Them in Your Books?
March 18, 2022At some point or another, you may turn to a lender to borrow funds and need to eventually repay them. And when that happens, notes payable come into play. Learn all about notes payable in accounting and recording notes payable in your business’s books.
Read More What Is Notes Payable, and How Do You Record Them in Your Books?
The 8 [Give or Take] Accounting Cycle Steps for Airtight Bookkeeping
November 11, 2021You want a simple way to complete bookkeeping tasks. After all, the more organized your process, the faster you can record transactions and get back to business. To stay on track, you might consider using an accounting cycle. And to do that, you need to know the accounting cycle steps.
Read More The 8 [Give or Take] Accounting Cycle Steps for Airtight Bookkeeping
What Is Transaction in Accounting? An Easy Guide
November 9, 2021Keeping your books in order throughout the year is important. So, you track every item, line by line. And, you record every transaction. But, what is transaction in accounting? What, specifically, do you need to track and record?
Read More What Is Transaction in Accounting? An Easy Guide
Clearing Accounts: Understanding How and When to Use Them
July 2, 2021If you’re not an accountant, the accounting information you need to know can feel daunting. But, buckle up because there’s another tool you need to understand: clearing accounts. What are clearing accounts? Do you need to use them? What do they do? Clear up your schedule for a few minutes to learn all about clearing […]
Read More Clearing Accounts: Understanding How and When to Use Them
The Math Behind the Accounting Equation
April 29, 2021Accounting is an essential part of running a business. But, that does not mean you have to be an accountant to understand the basics. Part of the basics is looking at how you pay for your assets. Are they financed with debt or paid for with capital? Use the accounting equation to see the difference. […]
Read More The Math Behind the Accounting Equation
General Ledger vs. Trial Balance: What’s the Difference?
March 30, 2021Running a business means juggling a variety of financial reports, like your company’s trial balance and general ledger. With so many reports to look through, you may be asking yourself, What do these reports mean, and how do I use them? Take a look at the difference between general ledger vs. trial balance and how […]
Read More General Ledger vs. Trial Balance: What’s the Difference?
The Basics of Payroll Accounting: How to Record Payroll Entries in Your Books
December 17, 2020If you’re an employer, you can’t just be on your merry way after paying your employees. You also need to account for payroll expenses in your books. This is where payroll accounting comes into play. To ensure your accounting books are accurate, learn how to record payroll transactions.
Read More The Basics of Payroll Accounting: How to Record Payroll Entries in Your Books