Contents:Accounting Principles IIExample of a Note PayableInvoice processing (receipt and matching)Notes Payable Balance Sheet Accounting For example, products and services a company orders from vendors for which it receives an invoice in return will be recorded as accounts payable under liability on a company’s balance sheet. Though notes payable includes a ... Read More

Content16 Post-Closing Trial BalanceFormat of a Post-Closing Trial BalanceWhat is the purpose of the post-closing trial balance?Example – Closing entriesUndetectable Errors in a Trial BalanceCommon ErrorsHow to Close an Expense AccountAdjusted trial balance A double-entry bookkeeping system will always result in equal debit and credit balances. It is important for you ... Read More

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ContentThe Cost of Debt (And How to Calculate It)Estimating the Local Firm’s Cost of Debt in Emerging MarketsHow Do I Figure the Interest Rate on a Loan?What is Cost of Debt (Kd)? For example, let’s say your friend offers you a $1,000 loan at 10% interest, and your company’s tax rate ... Read More

ContentIncreasing the Base FundCASH SHORT/OVER ACCOUNT DefinitionJoin PRO or PRO Plus and Get Lifetime Access to Our Premium MaterialsWhat is an Impress Account?Fundamental Accounting PrinciplesHow does a cash shortage happen? This product was designed as a hands-on practice for students to simulate real life Petty Cash transactions involving Cash Short and ... Read More

ContentRelax—run payroll in just 3 easy steps!What can a bookkeeper do for your small business?Can I do my own accounting for my business? ›The Ultimate Guide to Working with Virtual BookkeeperHow To Survive Financial Instability As A Divorced... If your company has a lot of employees, records a lot of transactions ... Read More

ContentHow Much Does a Accountant Make in Colorado?Accountant Salary and CPA Outlook by StateWhat makes a position worthy of good bonuses and a high salary?of Accountants in the United States think their salaries are enough for the cost of living in their area. Also, Accounting and Finance salaries are 3% more ... Read More

ContentBuilding Maintenance – What is it, and how can you simplify your efforts?Automate maintenance work with a CMMSHow to Choose Tiles for Construction of Pools?The Leading Building Maintenance Services CompanyJunior facility maintenance techsHow CMMS Assists with Building Maintenance In order to ensure a building is keep, preserve, restore and improve without wasting all ... Read More

ContentWhat is a premium amortization?What is the Amortization of Premium on Bonds Payable?Effective Interest MethodJoin Over 1 Million Premium Members Receiving…Calculating Interest Expense, Amortization of Bond Discounts or Premiums, and Interest Payments As you can see, each payment reduces the bond payable account, but the interest expense stays the same. Thus, ... Read More