Bookkeeping

December 21, 2020

How is absorption costing treated under GAAP?

The variable cost could also be referred to as direct costing or marginal costing, and it includes all variable costs like direct labor, direct materials, and […]
September 6, 2021

What is a Ledger in Accounting? Is There a Difference with a Journal and a Ledger?

Transactions are posted to individual sub-ledger accounts, as defined by the company’s chart of accounts. A general ledger records transactions and helps generate financial statements for […]
December 20, 2021

How To Do A Bank Reconciliation: Step By Step

Whatever method you prefer, it’s important to keep solid records of every transaction to reconcile your bank account properly. Book transactions are transactions that have been […]
November 15, 2022

Unadjusted Trial Balance What Is It, Example, How To Prepare?

As you enter each transaction, the account’s balance will change accordingly in both the 1st and 2nd columns. We offer credit card reconciliation services and bank […]