Accounting

A curtailment is a payment to reduce the repayment length of a loan. If you are building an amortization schedule to account for a curtailment of a long-term loan, such as a mortgage, you may want to…

The allowance method of accounting for uncollectible accounts is consistent with Generally Accepted Accounting Principles. This method uses historical information to estimate the amount of…

A company that sells products, like electronics and appliances, may offer customers a warranty at the point of sale. A warranty means that if something breaks or malfunctions, the customer can bring…

The value of accurate accounting records for employees with options to purchase employer stock is apparent when the shares are purchased as well as when they’re sold. Nonqualified options are…

Financial statements are very useful to users, but they are sometimes not fully accurate. Accountants generally use historical costing for a lot of the accounts, which creates a uniform way of doing…

Accrual basis accounting requires that expenses be recognized in the period in which they are incurred, but long-lived assets will often have useful lives that extend multiple accounting periods. For…

In accounting terms, an unfunded liability is a future financial obligation without sufficient assets designated for paying that obligation. Private companies and organizations can incur unfunded…

The accrual-based accounting model requires that revenue be recognized in the period in which it is earned. This will not always correspond with the period in which it is collected. Accounting…

Using an escrow account in conjunction with your mortgage can make budgeting easier for you as a homeowner. Escrow companies typically send you a statement at least once a year, telling you how much…

The two main discounts a company offers its customers are trade discounts and cash, or sale, discounts. Trade discounts are deductions from the list price the company gives to wholesale customers to…

In business accounting, what goes in debits includes operating expenses, short-term assets, non-operating charges, long-term resources and intangibles -- also known as nonphysical assets or intangible…

The nine steps of accounting features the logical sequence of accounting procedures used to record business transactions and prepare financial statements in an accounting cycle. The accounting cycle,…

Buying a home is often one of the most complicated and expensive transactions a consumer undertakes. The process is time-consuming and involves more than just signing a contract and writing a check.…

Verizon Yahoo! is a feature of Verizon Broadband that allows you to link your Yahoo! account and gain access to mail, My Yahoo!, a search engine, built-in McAfee security, instant messaging and more…

Accounting and business terminology is rife with words and phrases that make little sense to outsiders. Among these many enigmatic terms lies ISO, the internationally accepted name for the…

If your business is publicly traded, the Securities and Exchange Commission requires that you file quarterly interim financial reports. Interim accounting periods are shorter than a year, and while…

Accounting provides a mechanism to measure financial and managerial information. Accountants use an accounting system composed of debit and credit transactions and classified by a chart of accounts to…

Most people have heard the saying, “It takes money to make money.” This is especially true for business owners – spending money is just a part of running a business. The federal…

When you want to review your current business expenses and reporting, it is not necessary to wait for your end-of-cycle reporting. Accounting worksheets provide a method to manipulate your account…

If you want to determine how much you can anticipate spending over the course of the year based on your current expense activity, annualizing your current expenses will provide you with an estimate of…

The website Hi5 features collaborative online games and a virtual gift shop, in addition to its social networking features. Although you can view some public member profiles without an account, you…

Many small and medium-sized businesses do not have in-house accountants. Instead, these businesses may choose to retain the services of freelance accountants on an as-needed basis. This arrangement…

The basic accounting equation requires that a company's total assets equal total debts plus total equity. Revenues have an incremental effect on the equation because they increase retained earnings,…

Businesses frequently offer customers credit and receive payments after performing services or providing customers with products. This approach can lead to bad debts for a company that extends its…

Correcting or adjusting entries are journal entries recorded in a company’s accounting records that correct or adjust an account with an error. The majority of correcting entries are entered at…

Accounting is the process of recording, summarizing and reporting financial information within an organization. Accounting is important for businesses to understand where their revenues and costs…

Most accounting is done on either an accrual or modified accrual basis. Said basis requires that transactions be recorded at the times of their occurrence, barring rare and unusual circumstances. As…

"RuneScape" is a multiplayer role-playing game available from Jagex and is playable directly in your computer browser. If you misuse the game or violate the game's terms of service, Jagex…

Under United States' generally accepted accounting principles (GAAP), the accounting for income taxes is governed by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC)…

There are two types of expenses in accounting -- expenses expected to help the company generate revenue in the current period and expenses expected to help the company generate revenue in future…

Bad debt inevitably arises when offering credit to customers. Accordingly, generally accepted accounting principles (GAAP) require recognition of some portion of accounts receivable as uncollectible.…

If you haven't heard from a family member in a while or just want to check up on someone, Facebook is a convenient tool for connecting with others. Before you attempt to get in contact with someone…

Creditors can take aggressive action to seize control of accounts held by individuals who owe them money. Depending on the laws of the state in which the creditor and the debtor are located, the…

A fixture is a capital asset in accounting. This means a fixture is classified as a long-term asset and must be shown in the balance sheet of the financial statements. A fixture is a permanent…

Buildings and equipment are fairly similar asset classes that share many of the same issues and problems in accounting. Both asset classes face problems in determining their rightful book value,…

An escrow account is set up when you close a home loan with a lender. It is usually optional on most loans. In addition to your regular house payment, you agree to pay an equal monthly amount to your…

One of the privileges of hosting your own RuneScape Private Server (RSPS) is that you have access to the file that contains all of your account data. This file stores information about user…

Segments are distinct units of a business classified on the basis of their geographical location or their product lines. Segment reporting provides information on performance of the different business…

Within the general ledger, several subaccounts exist where amounts are credited and debited. Unearned revenue in accounting takes on a different characteristic than its name implies. Because the…

The adjusting process in accounting refers to making adjusting entries at the end of an accounting period about unrecorded revenues, expenses, assets and liabilities, as well as any overstated or…

Cash disbursement, or cash payment, is any money an organization spends in accounting processes. Disbursements may take the form of cash, debit cards, checks or electronic funds transfers. This…

A PlayStation Network account gives you the power to download games, game content and movies through the PlayStation 3's online store. Downloaded media and content, however, is only viewable on an…

Following GAAP -- or "generally accepted accounting principles" -- is essential to determine how well a company is doing and is useful for investors and creditors to gauge the financial…

In accounting, an offset is essentially a withdrawal from one account to diminish an expense toward other account. A prime example of an offset in government accounting occurs in times of financial…

Companies can use many different methods for their accounting. Some companies use a cash method where they only account for money once it is actually received or spent. Another method is to account…

If you cannot view pictures on your Yuku account, it is confusing when trying to figure out how to unblock the images. Yuku does not offer a setting that fixes this issue. Instead, the problem occurs…

For a range of reasons, a beneficiary may wish to remove a trustee from an estate. Removal of the trustee may be warranted if the trustee is managing the account poorly or inappropriately, the trustee…

More and more businesses are expanding their operations into overseas markets. These businesses must deal with currency exchanges, accounting standards, taxation and business laws. The international…

A network administrator has many tasks; one of these is to monitor login activity and maintain user accounts. Using programming language, a network administrator can enable or disable, or lock, a user…

Formspring is a website in which you can ask other users questions, and the questions and answers will be posted on their profiles. If you decided one day that you didn't want to participate and…

Craigslist is one of the largest and most famous online classifieds sites, and it's free to use. Anyone can sign up for an account, though you don't need one to post your ads. The sign-up process is…

If you break rules in the online role-playing game "RuneScape," Jagex Games Studios may ban your account. "RuneScape" has several rules that players must follow to protect players, including the…

Companies may receive goods and services and not pay the bills until after the current accounting period ends. Common unpaid expenses include credit purchases, such as raw materials; accrued expenses,…

Every company payroll run includes calculating the gross wages, determining employee deductions and paying the employees. The employee deductions include income tax and FICA tax, which stands for the…

Figuring out how to finance your business is one of the important parts of running a business. There are many different ways to finance, you can take out debt, issue equity, or leverage your working…

EBuddy Lite is a service that you can use to connect to multiple instant messaging networks such as AIM, Yahoo! Messenger and Windows Live Messenger from a Web browser window. EBuddy stores your login…

Adjusting entries are part of the accounting cycle. During the course of business, debt is created, credit is extended and sales and taxes accumulate. These occurrences are recorded in the business's…

Accounting is the mathematical science of collecting, recording and compiling information about the financial circumstances of individuals and organizations. Accounting is intended to present end…

Garnishment is the legal process in which a creditor uses a court order to obtain payment from a debtor who has defaulted. A creditor can apply to have a garnishment placed on a debtor's bank account…

The cash flow of a company is broken down into three main categories -- operating, investing and financing activities. Cash flow from operations is the cash directly related to the cash flowing in and…

The main difference between accounting and bookkeeping is the degree of complexity involved in the work performed. Bookkeeping consists of everyday accounting of financial transactions usually done by…

Mojo is a peer-to-peer sharing service that lets you share your iTunes library with other Mojo users on your contact list. Because you only share music with people you have added and approved adding…

Businesses run their operations in order to produce revenues, but do so at the cost of incurring expenses. Revenues are the sums that businesses receive in exchange for providing their customers with…

Every business transaction, whether a sale or a purchase, is recorded in an accounting journal. The record summarizes the transaction according to the accounting principles of debit and credit. In…

Every business out there needs to keep a close eye on its marketing efforts. Accountants are no exception. While accountants are always needed by professionals seeking help with their taxes and tax…

Accountants calculate profitability ratios to determine how well a company performs. Calculating the same ratios each period and comparing them shows if the company's profitability improves or…

When you buy a home, the escrow account is used to hold your earnest money and down payment is safe keeping while inspections are done and the process of buying the home proceeds. When the home sale…

The actuarial basis of accounting is a method of calculating the contribution that a corporation must make into employee pensions. Numerous assumptions must be made to arrive at the required level of…

Amortization is an accounting term that describes the devaluation of assets over time. In its principle, amortization is a process similar to depreciation and you can use similar accounting methods to…

HubPages is a website dedicated to user-generated content, allowing writers to publish original articles based on a given subject. HubPages offers various methods to help users make money, including…

Performing account reconciliations is a tedious task for most small-business owners, but a necessary task nonetheless. When you perform account reconciliations, the goal is to ensure all transactions…

Generally accepted accounting principles (GAAP) for escrow accounts require special reporting, both by the Financial Accounting Standards Board and regulatory agencies. The funds held in the account…

Much of accounting involves assigning values to specific (and sometimes tricky) assets, liabilities, and expenses. For example, considering assets first, there are rules, and sometimes controversies,…

In real estate development, a large tract of land is often subdivided into parcels for sale individually. To calculate the gross profit as each parcel is sold, the developer must use some reasonable…

There are a few types of financial statements. Each one contains different information. Knowing the types will give you an edge in researching investments. The income statement is the statement people…

Contributed capital refers to funds collected from third-party investors who purchase stock shares directly from the corporation. Such funds differ from those acquired from investor-to-investor stock…

Merge content from separate YouTube accounts to combine related content you posted while logged into different Google accounts. While Google doesn't allow you to merge Google or YouTube accounts as of…

An employee may work for many different employers before she retires. If she stays in a job long enough to secure a vested interest in a retirement account, she must decide what to do with that…

Companies may pay for certain services ahead of time. In other words, the cash payment for services or goods occurs in a different accounting period from the period in which the company incurs these…

Facebook, the web's largest social networking site as of August 2011 with more than half a billion members worldwide, lets registered users create profiles, sharing pictures, videos and information…

In regard to sales, rebates are either a partial refund to the customer or a reduction to the sum that the customer owes to the business. In either case, rebates are treated as reductions to gross…

Although returns and refunds are disadvantageous for businesses, returns are bound to occur in businesses that sell products. The Reverse Logistics Executive Council conducted a survey involving the…

In any organization or enterprise, there is a reciprocal relationship between responsibility, accountability and authority. Simply put, responsibility is an expectation that you will achieve certain…

Businesses that extend credit to customers risk not being paid. However, the risk of uncollectible accounts is balanced by the additional revenue a business gains when it extends credit to customers.…

People have all sorts of accounts. Most everyone has checking accounts, savings accounts and some people have recurring accounts. All of these accounts allow owners to save and spend money pretty much…

Adding funds to a simplified employee pension is complicated by the type of business structure and whether or not the plan includes eligible employees. Most SEPs are set up by small companies or sole…

Accountants are number crunchers. They need hard data to perform their jobs, including income statements, assent and liability information, taxes paid and all of your other costs. At the base level,…

Once you have passed the hurdles of physically setting up your accounting firm, the next challenge is to operate the firm profitably. There are myriad factors that you need to take into consideration…

Accounting for your business's income and expenses can be done in one of two ways, either with the cash or accrual method. The cash method is the recording of cash when you receive it. So, if you sell…

Most accounting jobs require a bachelor's degree in accounting. To further your career and maintain a competitive edge over your peers, study to become a certified public accountant or get a master's…

Mac computers with multiple users employ individual user accounts. Each operator must log in to his account before gaining access to the computer. The administrator sets up a Mac account for each…

A company generates revenue as a result of operating and non-operating activities. Revenues generated as a result of operating activities include sales, while non-operating revenue includes items like…

Unlike many services that let you store files online and retrieve them, Dropbox monitors the files that you put in the Dropbox folder on your computer, and automatically syncs them to your account on…

If you share your PlayStation 3 often, it is best to create separate accounts for each user. User accounts allow each person to maintain their own preferences, control settings and save games without…

Accounting is the recording, analysis and reporting of events that are materially significant to a company. Accounts contain records of changes to assets, liabilities, shareholders' equity, revenues…

Social accounting is a method used by companies to investigate into whether the organization is working in accordance with its social, environmental and economic goals and values. Social accounting is…

ERISA is the Employee Retirement Income Security Act. ERISA spells out rules and regulations for establishing various retirement plans like 401k plans and pensions. A fiduciary for an ERISA plan has…

Accounting is the method by which businesses, nonprofit organizations, government agencies and even individuals can keep track of income and expenditures. There are numerous types of accounting…

Businesses use accounting reports, also known as financial statements, to summarize accounting data tracked in unofficial ledgers and worksheets. The four main types of reports are balance sheets,…

Putting money into a 401k can be an effective way to save for the future, The money you put into a 401k is deducted from your taxable income, giving you an immediate savings as well as a long term…

Set up a second Grindr account to use when you travel to other cities or just to have an alternative profile you can use to meet local guys. Grindr is a mobile dating application for gay males. The…

Business accountants use a variety of methods and figures when calculating company income, profits, equity value and more. Nearly every financial aspect of a company appears on its income/balance…

When getting a mortgage, your mortgage company will often collect money on top of the principal and interest that is due for the loan. This money goes into a special account that the lender sets up,…

Avoid an account block on Craigslist to keep from losing permissions to post on the site -- or worse, having your IP address banned altogether. Using a Craigslist account is contingent on your abiding…

Facebook's security settings allow you to specify which sections of your profile are visible to friends, extended friend networks and the general public. Select the visibility options that suit your…

The accounting cycle exists to ensure that business owners account for every penny spent and earned during the fiscal year. If it is followed completely, the accounting cycle traces the path of every…

Accounting variance is the difference between planned and actual financial results. Variance analysis includes understanding the reasons for this difference and implementing measures to bring actual…

Accounting guidelines -- such as generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS) -- require that every account in the retained earnings master…

Insurance is amortized when its premium is paid in total upfront rather than periodically over the course of the policy. When a premium is paid in its entirety at the start of insurance coverage, the…

Gross purchase method and net purchase method are two accounting strategies used to record the discounted sales price of goods sold on credit. Discounts are incentives to purchase products and reward…

The PlayStation 3 (PS3) includes many online features, such as multiplayer gaming and media streaming. These features can only be accessed with a free PlayStation Network (PSN) account. The slim PS3…

Generally, the Internal Revenue Service recognizes two methods of accounting: the cash method and the accrual method. However, only small businesses are allowed to use the cash method. If a…

The IRS sends out millions of notices every year demanding that taxpayers make adjustments to their tax accounts. The IRS mails these notices to taxpayers for a variety of reasons. The demand notices…

Trained accountants are in demand. According to the US Bureau of Labor Statistics, job opportunities are expected to grow over 20 percent between 2008 and 2018. Starting salaries for accountants are…

Twitter is a free social networking site based on 140-character messages. Users can "tweet" public messages or send direct messages to other "tweeters" who've added them as a contact. Getting started…

Millions of Americans receive payments and benefits from the Social Security Administration (SSA) every year. Beneficiaries who are unable to manage their finances or are below the age of 18 can have…

The Sarbanes-Oxley Act of 2002 ushered in the greatest scrutiny of corporate behavior and financial reporting that had been seen in the United States in years. The act required companies to create…

Historical Cost Accounting, which assumes money holds a constant purchasing power, had been an accepted method in business accounting for decades. But, inflation, volatility in exchange rates,…

"Phishing" refers to a computer hacker's plan to trick people into giving away some or all of their account information for particular websites or programs. Once the hacker has this information, he…

The term "petty" cash derives from the French "petit," or small. Petty cash provides small amounts of cash for special situations, such as travel expenses, or for occasions when the standard payment…

At the end of each fiscal year, managers and business owners sit back and assess the performance of their business. This is done using financial statements, like the statement of changes in financial…

Steam is an online matchmaking and content downloading service initially established on the PC and Mac. "Portal 2" was the first game to support Steam on the PS3. When using your Steam account on the…

The staff members behind Facebook encourage you to report abuse and policy violations, so the company can better track abusive users. Examples of abusive content that Facebook wants to prevent include…

One of the most important components of successfully running a business is making sure that the financial books are in order. Accounting and bookkeeping are necessary and complicated processes that…

Bookkeeping is used to determine how a business is performing financially. A bookkeeper must carefully record each business transaction into the right account. Bookkeepers use the Chart of Accounts to…

With the seemingly endless threats to younger children on the Internet, understanding the age requirements for social networking sites such as Facebook can help you keep your kids safe and protected…

Partnerships are a legally recognized business format, while an MBA, or Master's in Business Administration, is a graduate degree. The business format you choose has nothing to do with your education…

On the 3D chat and games site "IMVU," users receive a free avatar homepage that displays information about them. The homepage features panels with personal details such as your age and location,…

The practice of accounting is important to most business operations, and often for good reason. Accounting serves a number of critical goals and objectives for companies, their investors and their…

Adjusted entries are items in a business' financial books that need to be changed at the end of the period when key accounting processes occur. Sometimes errors are made throughout the period and…

A reverse merger consists of a private company, often looking to easily gain U.S. funding by being listed on U.S. stock exchanges, putting together a deal to be bought by a shell company that is…

Recoveries are a general accounting term used to describe different types of record keeping. When an accountant needs to adjust an account because a bad debt has been repaid, that debt is though of as…

Facebook is a popular social networking website that helps you keep in touch with your friends, family and favorite companies and celebrities. If you have deactivated your Facebook account, you may…

If you have co-signed a loan with your late husband, the loan's terms dictate what happens upon the death of a signer. For credit card debt, it depends on whether you are an actual co-signer or an…

Valve's Steam is a program and service for purchasing, downloading and playing computer games. Valve released Steam to the public in 2003, and the program's usage grew greatly in 2005 with the release…

RocketMail was one of the earliest companies to offer free Web-based email access. Yahoo! purchased RocketMail in 1997 and integrated the RocketMail system with its own Web-based email service.…

The cPanel utility lets you maintain websites on a Web server. Some Web hosting companies offer cPanel as part of virtual hosting packages. You can access the software using your Web browser, and it…

A career as an accountant involves working with numbers, computers, finance and people. Accounting is a conservative career in the financial industry and requires a love of numbers, math and…

Accountants work in a variety of business settings from private, independent solo practices to large accounting firms that handle bookkeeping and financial management for large companies. Accountants…

As with doctors, pilots, lawyers and other professionals, the education of an accountant never really ends. Tax laws are ever changing. Management techniques and best practice methods also vary. An…

Google+ is touted as being a replacement for Facebook, and one of the options Google offers is the option of connecting accounts from other social media sites, allowing people to search your Google+…

Craigslist separates classified ads based on their location, helping you find listings that apply to your area. When you create ads on Craigslist, security measures are in place to verify that the ad…

Accountants use depreciation to allocate costs in a systematic way, matching them against revenues over time. Depreciation expense resides on the income statement, while accumulated depreciation and…

In business, there are few professions more important than accounting. Accountants help managers determine how much profit they are making, how much they need to pay in taxes, and how much they owe…

Fund-based accounting is a specialized method public sector entities use to match revenues and expenditures in separate categories called fund accounts. Federal, state, county and local government…

When individuals consider a career in accounting, they need to consider a potential specialty. Accountants pursue education and career experience in a particular area of expertise, which often means…

By default, Facebook will send you email notifications when certain events occur. For example, Facebook sends an email message when someone sends you a friend request. You may consider many of these…

Suspense accounts are a key aspect of the general ledger in double-entry accounting. The suspense account allows the bookkeeper to temporarily place doubtful funds until he can determine the correct…

Facebook and LinkedIn are social-networking websites that appeal to two very different audiences -- Facebook tends to be a more personal, social site, whereas people use LinkedIn to make professional…

Company principals understand that customers are the economic lifeblood of the business, the ones that give the organization the ability to expand market share, increase sales and soldier on…

Using iTunes allows users to purchase media such as music, videos and applications. These purchases are linked to the specific account that was used for the purchase. To access this content, the…

NOPAT in accounting stands for net operating profit after tax. The income statement presents profits in various forms, including gross profit, income from operations, non-operating profit, income from…

If you've just found a hilarious albeit profanity-laden stand-up routine on YouTube, the odds are you aren't going to want it in the same listing as the video of your child's birthday party.…

The basic accounting equation requires that a company's total assets be equal to its total liabilities plus equity capital. The last item represents money that companies and individuals invested in…

Businesses can choose a cash-accounting or an accrual-accounting system. Cash accounting counts income and expenses as payments are received and funds are spent. Accrual accounting uses both accruals…

Teachers often struggle with finding ways to maintain the attention of their students when teaching new information. One way to teach new skills is through activities with which students are already…

Pinger Inc. is the developer of the software application Textfree. Textfree allows you to make unlimited phones calls and send unlimited text messages for free from your iPhone, iPod Touch, iPad or…

Habbo is an online community aimed at teens. The community includes a virtual hotel that you can explore, play and chat in using a virtual character you create. When you create an avatar on Habbo, it…

Accounting is the process of identifying, measuring and communicating economic information to allow informed judgments and decisions by users of the information. It is the language of business. This…

The volume quantity tells you how much three-dimensional space a substance occupies. The volume of a regularly shaped solid, like a box, is easily found by measuring the length, width and height, and…

An escrow account is added to your mortgage by the lender as a place to save up your property taxes and homeowner's insurance payments. The lender uses the annual tax estimate and insurance premiums…

For many companies, success often hinges on budgeting based on the appropriate analysis of external business trends and internal growth. Most companies rely on either on-staff or contract accountants…

Computers make organizing your finances or doing your taxes a lot easier. A variety of financial and tax software can help you get your financial house in order. But sometimes those electronic tools…

As a registered user, you may customize your Yahoo! homepage, as well as check email through the Yahoo! email platform. If you enter your account information in Yahoo! Messenger, you may also chat…

SEP, short for simplified employee pension, is a type of retirement plan employers can offer to their employees. It functions according to the rules for tax-deferred individual retirement accounts, or…

Being a seller on Amazon requires a basic amount of business savvy. Not only does selling products online require the seller to have an awareness of supply and demand, but the seller must be aware of…

Hi5 is a social networking website. To use Hi5, you need to open and establish a free account and user profile. You can remove your Hi5 profile and account at any time by closing your Hi5 account from…

Facebook gives you a way to connect with friends, coworkers and family with varying degrees of disclosure. Because you have the choice to connect with whomever you please, you should feel fairly…

In the United States, the accounting system is based on the traditional method of recording journal entries for every transaction event that occurs, then moving the journal entries to the proper…

Facebook lets you create a unique profile for sharing with your friends -- and, depending on your privacy settings -- with the world at large. Your default Facebook account profile has a unique…

The Thrift Savings Plan is a tax-deferred retirement account for employees of the federal government. TSP accounts are similar to 401k accounts in the private sector. Both the employee and employer…

Whether you are an employee, a self-employed individual or the owner of a large corporation, hiring a good accountant helps you minimize your tax burden and comply with complex tax laws. With the lack…

Those entering the accounting field can expect to make higher salaries as they progress through their career. The starting pay for many accountants is low, but for those in a business-related…

The accounting field encompasses a variety of specialties. These include tax accounting, fixed asset accounting and operational accounting. Operational accounting focuses on the financial aspects of…

Business owners and managers use many statistics and ratios to analyze the performance of a business, such as net worth or the debt-to-income ratio. This information is often compared with similar…

Offset accounts are essentially savings accounts that can be helpful in paying off a loan. They assist you in paying down interest on a loan. However, other forms of offset accounts also exist. Both…

Government entities use accounting principles that are different from those used by small businesses. Small businesses usually perform all accounting using one system and one set of ledgers. Most…

ITunes is used to transfer media to a variety of Apple devices, including iPhones and the classic iPod. Once you activate a device in iTunes, the program will remember the device when it is connected…

When applying for a job, you always want to put your best foot forward, both on your resume and during your interview. If you have gaps in your employment history, this can cause potential employers…

The U.S. Bureau of Labor Statistics estimates that the need for accountants and auditors in the United States will increase by 22 percent from 2008 through 2018, creating 279,400 new jobs in the…

Many accounting internships are available in Connecticut, including internships offered by the "Big 4." The four largest international audit and accounting firms in the United States --- Deloitte &…

Evernote Account Switcher is an add-on to the Evernote software for Macintosh computers. Evernote helps you remember importance information by capturing it in an application. For example, you can use…

In the field of financial accounting, one of the basic principles is that of accounts in balance. Debits to one account reflect credits to others, and a perfect accounting system yields a net result…

You can combine multiple Gmail accounts into a single, primary Gmail account by using the POP3 Mail Fetcher application built into Gmail. The Mail Fetcher enables you to retrieve email from POP3 email…

To understand what end-of-period accounting is -- and see the web of associations it has with other corporate processes -- it's useful to understand bookkeeping and financial reporting. Various…

Sometimes a good investment costs more than the amount of money an investor has available. To increase buying power, investors may apply for a margin account through their brokerage firm. A margin…

Account transcripts refer to a ledger of information kept by the Internal Revenue Service (IRS). Taxpayers request transcripts from the IRS for lenders, legal matters or personal records. Transcripts…

The Internal Revenue Service (IRS) allows individuals to establish trusts for business, estate planning and familial purposes. The nature of the trust, the amount of income the trust records and the…

Business and accounting terminology contains myriad words and phrases unknown to those living beyond the walls of these worlds. One such term, "accounting lag," subscribes to a relatively broad and…

A B.A. in accounting may appeal to individuals with strong mathematical and logical reasoning skills. The field of accounting and finance holds excellent career prospects for new graduates, too. The…

If your mortgage company maintains an escrow account to pay your insurance and taxes, increases can cause a shortfall in the account. While mortgage lenders typically pay the amount you owe even if…

Backflush accounting, also called backflush costing, is a cost accounting process used in a just-in-time (JIT) accounting environment. In a JIT environment, a business assumes it buys just enough raw…

Many employers that provide health insurance to their employees offer the option of a Flexible Spending Account, which is an account that holds money the employee can use for qualifying health care…

Takings is the amount of sales realized by a business. This figure is also known as the "top line," as it is found on the very first line of a typical corporate income statement.

Gross profits can be calculated by subtracting cost of goods from sales. This is the gross figure because operating expenses have not been taken out. Only raw materials and manufacturing costs have…

Financial accounting is a critical part of any successful organization regardless of whether it is a for-profit organization or a nonprofit. Both for-profit and nonprofit organizations have specific…

Modern video game consoles are more than just tools to play games. User accounts are created to allow players to gain access to online content and extra features. These accounts often require credit…

Windows PowerShell has been specifically designed for system administrators and makes the process of disabling an account a simple task. To complete this process, you must be an Account Operator,…

The utility company presents you with a monthly bill that shows how many kilowatts of energy your home is using. The bill takes those kilowatts and turns them into billable units. On the reverse side…

In accounting, ROI is an acronym for "return on investment." "Inc." magazine's online business encyclopedia defines ROI as "a financial ratio intended to measure the benefit obtained from an…

If you have decided to stop using AOL Instant Messenger, you may want to disable your AIM account as well to prevent people from continuing to send messages. You may also want to disable an AIM…

Restructuring can refer to several different business processes where an important element of the business is altered to make finances easier to deal with. Individual debts can be restructured if…

Most industries in the United States are expected to follow the standards set by the Generally Accepted Accounting Principles, commonly known as GAAP. The Financial Accounting Standards Board, also…

Student-account representatives are vital to the ongoing success of colleges and universities. They serve as liaisons between schools and students, responsible for recruiting and establishing student…

The AIM chat network saves a list of your contacts to a centralized server, making it available no matter what location you log in from. However, if you create a different account and log in with it,…

To add accounts to a Cisco PIX appliance, add a single account for each user that must have administrative access. That way, actions each user performs on the PIX appliance are traceable back to that…

Blogger and Gmail are free services provided with a Google account. If you have a Blogger blog, you can connect it to Gmail by creating a new Gmail account on your existing Google account. Google…

Smith Barney is a financial services firm that is part of the larger conglomerate known as Morgan Stanley Smith Barney. If you are hired to work as a financial consultant at Smith Barney, you may…

From cost analysis to auditing, accounting is used for a wide variety of financial objectives in the workplace. Almost any type of serious business analysis will require some use of accounting skills.…

You can easily hide a Quicken account, whether it be on the account sidebar or on other lists and menus. If you choose to hide it from the account bar, then Quicken still makes your transactions for…

Industry executives are responsible for the operational and strategic direction of corporations. A small business may have a couple of executives, such as the founding partners, while a large…

The term "blocked account" has several different meanings depending on the circumstances in which it is being used. It can refer to an account that is regulated by foreign exchange controls, an…

The Kindle e-book reader is one of Amazon.com's top sellers. In fact, Amazon claims to have sold more Kindle units than any other item on its website. To access purchased books and other materials, a…

Pinging an Internet address is a way to check its responsiveness and the speed at which it does so. This is commonly done with the command "ping." In Skype this function has been expanded to inform…

Equity is an owner's claim on assets. That is, the resources owned or controlled by the company. Equity can be divided into two parts: contributed capital, referred to as common stock for companies…

The generally accepted accounting principals (GAAP) for disclosure of an accounting method, cost or otherwise, guide the preparer of financial statements for a pension fund to disclose the methodology…

Common stock equity and retained earnings are part of the stockholders' equity section of the balance sheet. Some companies may prepare a separate statement of stockholders' equity or a statement of…

Business accounting is slightly more complicated than keeping track of money that goes into or flows out of the business. Accountants must not only keep track of income and expenses but must make…

Auditing is the process of going through company records and checking that they meet specific government regulations, general accounting principles and basic tests of accuracy. An ending account…

Corporations can raise capital to be used in their operations either by incurring economic obligations to creditors or receiving it as investment from their shareholders. Corporations entice…

Corporate equity represents money that corporate and individual investors poured into a profit-oriented enterprise. Stockholders' equity accounts are diverse and run the gamut from common stock and…

North Carolina provides a lot of opportunities for students looking to start careers in accounting. Students can enroll in accounting programs at schools including North Carolina State University and…

Program features and designated customer base are just some of the differences between SAP and Intrastat. SAP stands for systems applications and products, while Intrastat details intra-community…

Atlanta is home to a number of industrial real estate firms. Some of these are local firms working only in Atlanta, and others are national or international firms with offices in Atlanta. There are…

A covenant not to compete, also referred to as a "non-compete agreement," is a contract itself, or a provision within a contract, where one party agrees not to engage in a certain business or work in…

Two of the most popular accounting standards -- statutory accounting principles (SAP) and generally accepted accounting principles (GAAP) -- share some similarities, but also have some differences.…

A company's principals often cast cash management as a wide-ranging practice that may suffuse the organization's overall operating culture --- covering every segment, function, business unit, process…

Corporations acquire economic resources to use in their business activities in much the same manner as other businesses, either through incurring economic obligations to creditors or receiving them as…

Expert systems are specially developed software programs that are meant to supplement the knowledge and reasoning of professionals already skilled in a certain area. These programs help in the…

The U.S. Bureau of Labor Statistics (BLS) predicts that the demand for business, management and financial workers, such as accountants, in the health care industry will increase by 16.8 percent from…

An accountant analyzes, prepares and verifies financial documents. Many accounting positions require an accountant to be a chartered public accountant, or CPA. This generally requires an additional…

A stock option is a contract that grants the holder the right to transact a company's stock at a predetermined price (strike price) within a specified duration (exercise period). Companies issue…

United States sources of accounting information follow the Generally Accepted Accounting Principles, or GAAP. GAAP is the legal standard set by the Federal Accounting Standards Board and overseen by…

Various industries have unique characteristics that require due consideration in applying generally accepted accounting principles. Specifically, the business model of commercial banking requires the…

To understand the use of reversing entries, you need to understand the accrual method of accounting and adjusting entries. In accrual accounting, adjusting entries are used to record revenues (such as…

A T-Account is one of the most confusing account tracking devices if you haven't been trained in finance. While people generally use the word "credit" as a good thing, the T-Account uses it to…

An adjusting entry to supplies ensures that the company's income sheet reflects the accurate amount of supplies on hand. An adjusting entry to a company's supplies account affects the company's…

Many shipping and logistics companies maintain an air freight division to deliver packages quickly over great distances. Even some of the country's passenger airlines ship packages and freight for…

One way, and one way only. That is the nature of the style of the authoritarian leader. Employees must do precisely what they are told to do by the leader, without any questions or creative input.…

Notes are additional documents or charts located in the appendix of a business report. Footnotes are references located at the bottom of each individual page to help guide the reader to additional…

The LiveOps corporate headquarters is in Santa Clara, California, but the company does contract with agents across the United States. LiveOps is a virtual call center, and like other work-at-home…

An ESOP, or employee stock ownership plan, is used to motivate employees by giving them actual ownership in the company for which they work. As of 2011, about 11,500 companies in the United States…

Accounting deals with the financial records of a business, individual or family. Although most types of accounting involve the same financial aspects, there are many different specialties such as…

The equity and fair value methods of accounting are used for the valuation and reporting of equity securities. Typically, the United States Securities and Exchange Commission (SEC) provides oversight…

Partnerships consist of several individuals who collaborate and decide to invest in a business together. The partners combine their financial resources and personal expertise to build a viable…

Companies use product costs to determine the value of their inventory, the cost of items they sold and to make pricing decisions. Product costs include raw materials, direct labor and factory…

"Can you do Division? Divide a loaf by a knife -- what's the answer to that?" wrote the author Lewis Carroll in "Through the Looking-Glass, and What Alice Found There," his sequel to Alice's…

An account executive or account manager is essentially a higher-level sales title. Workers in this position tend to have a number of clients that they manage, securing new orders and ensuring that…

A company's manager can change the period in which the company reports collecting revenue, which affects the net profits that it reports for that year. Some of these revenue manipulation practices…

An account receivable is a promise to pay a debt incurred by the sale of goods and/or services; in layman's terms, it's an IOU. Companies generally provide services and bill customers at a later date,…

Nonprofit organizations help people and communities in need. In 2009, 26.8 percent of adults in the United States said they performed volunteer work for various organizations according to the brief…

Employers often offer "cafeteria plans," in which employees can deposit pretax dollars into a flexible spending account, which they use to cover the cost of health care for themselves and their…

The SAP accounting software system allows for 16 posting periods. Twelve of those posting periods are assigned to the 12 months in the fiscal year. The other four periods are called special periods.…

A Dell Preferred account is a type of credit account that allows you to purchase products from Dell's website. The Dell Preferred account is a type of revolving account, and Dell does not charge a…

In a business and personal finance context, transfer refers to the movement of assets, liabilities or both from one business entity to another, sometimes in return for cash. Trade refers to the…

A wholesale mortgage account executive represents a lender that buys loans from mortgage brokers and bankers. After loans are funded, lenders either service them or sell them to secondary market…

There are three basic management positions available at McDonald's restaurants -- swing manager, assistant manager and restaurant manager. The salary a first year manager is paid is set by the…

An accounting career can begin with a job as an accounting associate. An accounting associate is a low-level accountant with either an Associate's or Bachelor's degree in the Accounting major. He…

A good business strives to collect for each product or service that it bills for and to pay each bill that they incur. Unfortunately, this is not always the case. If a customer has a dispute over…

Junior marketing executives are executives in training and often hold entry-level positions in their companies. They usually work with various marketing professionals, learning how to price, advertise…

Payroll accountants are responsible for salaries and payments to employees of an organization. A payroll accountant plays a central role in a business and may develop substantial influence in the…

Since 2008, the salaries of Wall Street bank executives have come into sharper focus in the public eye. Wall Street bank executives are notorious for the extravagant bonuses they receive as part of…

Associate-level aviation degree programs prepare students for aviation maintenance technology or aviation technician opportunities. Courses typically focus on aerodynamics, instrument and navigation…

Revenue recognition is the accounting principle that states the circumstances under which a business recognizes income as revenue. The circumstances are generally when a customer pays the business for…

Accountants use a variety of numbers in their profession. Every transaction includes dollar amounts, account numbers and reference numbers. Specific transactions include customer numbers, invoice…

When judicial authorities seek evidence that a company's turnaround is complete and want to give the business a second chance, they look for a few clues -- namely management competence, strategic…

Companies typically record and report operating events with an abundance of caution; this is not only to avoid the appearance of "book cooking," but also to show investors and the public that senior…

Accounting and adjusting entries enable financial managers to capture the recurring information that makes up the bread and butter of a company's transactions, but also the data coming from one-time…

When determining the value of an investment to be reported on the financial statements, you must make a choice between the fair value method and the equity method. The Financial Accounting Standards…

Understanding various financial statements is an important aspect of running a business. Financial statements provide considerable information about the health of a business. Your business's financial…

Although rarely acknowledged, you can measure profit in more than one way. Sometimes numbers can deceive you, and this is the case when it comes to accounting profit, which merely shows profit on the…

The accounting number format is one of many ways to format numerical data built into Microsoft Excel and other spreadsheets. Different formats allow you to impact the way numbers display to make them…

As of June 2011, accountants were among the most sought after college graduates in the nation, according to a salary survey by the National Association of Colleges and Employers. Texas internships…

Accounting firms provide services for individuals and small businesses. These services include tax preparation, bookkeeping, financial statement preparation or consulting. When an accounting firm…

Most CEOs are paid a base salary, but this figure often is only a small fraction of their total compensation packages. Federal bailouts for many large financial firms focused criticism on executive…

Those who pursue a degree in accounting with a minor in fraud examination can pursue a career as a forensic accountant. Forensic accountants can work for government agencies or insurance companies,…

Pharmacy professors make salaries far above the national average for professors in many other fields of study. The reason for this is simple. Pharmacy professors could make much higher salaries…

When the value of a company's inventory decreases to the point that it is lower than the market price or the company's cost, generally accepted accounting principles (GAAP) state that the company must…

Revenue is an income that a company receives from its normal business activities which is usually from the sale of goods and services to customers, interest earned, dividends or royalties paid to them…

In accounting, many terms and descriptions provide insight into specific activities. The billing method in accounting is one such term. A company's billing method can include one of many types of…

Private trust fund accounting is used to segregate resources for a specific use. The basic accounting objectives of trust fund accounting are to provide an accounting of resources in a manner that is…

New Zealand-based Mind Your Own Business (MYOB) aims to satisfy the needs of small business owners with easy-to-use software tools. Since accounting is one of the most import aspects of running a…

Accountants work in both private industry and government organizations. Private industry accountants follow generally accepted accounting principles, or GAAP. Government accountants follow government…

The Financial Regulatory Authority, or FINRA, maintains a system of forms disclosing the training and disciplinary records of financial representatives. If you are a registered representative, holding…

A prepayment is an expense or income that is paid or earned in advance of the delivery of goods or services. Expenses paid in advance are known as prepaid expenses and may include items such as…

To solve operating inefficiencies, a company develops multiple hypotheses and potential solutions, most of which often center on better interdepartmental coordination and cross-segment…

Before applying for an accounting job, it's important to know basic financial topics, such as bookkeeping, financial reporting and cost analysis. Depending on the position, interviewers expect…

Nonprofits have their own particular way of doing accounting. Since nonprofits are not in business to make a profit or enrich investors, accounting for these entities is different from for-profit…

Accurate accounting information is essential for decision makers in businesses, nonprofit organizations and government agencies. Financial data generated by an organization or company is documented by…

A derivative resale object is a product that is manufactured using an image bought from microstocks. Microstocks are websites that sell millions of photos cheaply. Once purchased, the business can put…

If you're an accounting student, learning about various financial topics can help you understand how companies make money, record operating transactions and prepare financial statements. It's also…

Businesses use computer systems to organize their data. Computer systems allow companies to store data, create reports or download data into spreadsheets. Users can choose which type of data they wish…

An architect designs buildings that satisfy specific requirements of economy, esthetics, function and safety. Professional architects usually have a degree in architecture and a minimum of three years…

Permanent funds are maintained by various state governments to serve different purposes. Some hold revenues received from the sale or lease of the state's natural resources, such as gas and minerals,…

While accountants often work from an office alongside several other accountants, opportunities exist today for accountants to own and operate their own online accounting business. To become an online…

Accounting is the process of analyzing and recording transactions. Transaction analysis and journal entries are the first two stages of the accounting cycle. Posting is the transfer of journal entries…

Accounting doesn't happen in a vacuum -- it occurs within a business, making communication skills valuable to any bookkeeper, who must receive correct information to keep the accounting books…

Accountants keep business financial records, pay their taxes on time, analyze and report on financial data and prepare budgets and other financial management tools. They work in the public,…

Accounting for a convertible debenture is a straightforward process if one focuses on three distinct events: issuance, conversion and retirement. Convertible debentures are unsecured bonds that can be…

Attorneys and law offices collect many pieces of financial information through their accounting procedures. Accounting records track billable hours, accounts payable and accounts receivable, trust…

Companies that carry inventory focus on the level of inventory they carry. They determine this by reviewing the inventory system records. The inventory system considers the sales and purchase…

When cash is passed to another person in a business environment, a record of the transaction should be recorded. Often, employees are given access to cash in order to pay for small purchases made on…

The sales account, a normal credit balance, holds an entire period's sales activity for a company. While knowing that sales is a credit balance account is important for correctly recording business…

The market value of outstanding stock is the current quoted price at which investors buy or sell a share, and it is different from book value because it reflects the future growth potential of the…

International financial reporting standards are the generally accepted established procedures that govern financial reporting of documents both in presentation and preparation. The international…

Educational requirements, program delivery, career choices and the "paper" you get are the main differences between chartered accountants, known as CAs, and certified general accountants, or CGAs. CAs…

Accounting statements include the informal and formal financial statements, and these include the income statement, balance sheet and statement of cash flows. Accounting principles dictate these…

The summary of qualifications on a resume provides a snapshot of what the resume reader can expect to see throughout the rest of the resume. The summary of qualifications should provide the reader of…

Petty cash is an account that contains physical currency that a company uses to pay small expenses, such as postage stamps. The amount of the petty cash account in your accounting records remains the…

Organizations process transactions when purchasing and selling products or services. These organizations also keep records concerning cost allocation toward projects and payroll to employees. At the…

Overhead rates are used to measure the amount of indirect costs associated with producing a good or service. The rate is developed by calculating the ratio of indirect costs to direct costs. Indirect…

Corporations are a class of businesses that are considered independent legal entities possessing separate existences from their owners. As such, corporations are entitled to create contract with other…

State accounting boards have expanded the educational prerequisites for people seeking to become a certified public accountant, or CPA. As of 2011, 46 states, Puerto Rico, Guam and the District of…

With nicknames like "number-cruncher" or "bean-counter," you might think that accountants don't need communication skills at all. However, the introverted, socially inadept vision of a nerdy…

The state manages an unemployment account on behalf of the employer who pays quarterly taxes into it. Companies with employees have at least one, if not two unemployment accounts at the state and…

Accounting transactions are the financial representation of business activity. Accountants post journal entries as part of the accounting cycle. Each month, accountants gather information and post…

Accounting knowledge could make the difference between recording transactions properly or hiring a CPA to undo your work and lighten your wallet. However, by spending some time learning accounting on…

Production accounting is key in determining the financial successes and failures of a production department. Production accounting can also be referred to as movie production accounting. A production…

In a factoring transaction, a factor buys a client's invoice and gives the client an advance of generally 80 percent against the invoice amount. The factor has qualified the debtor to the invoice and…

Account coordinators work for advertising, public relations and other corporations. They primarily assist account executives or managers in scheduling appointments, answering clients' questions and…

The position of account coordinator can include a variety of specific tasks depending on the exact industry and organization. Generally, the responsibilities involve bridging the gaps between several…

More than 1.9 million people worked as sales representatives in 2008, according to the Bureau of Labor Statistics, including 74,840 on behalf of drug companies and an additional 70,140 people…

Business expenditures can be separated into revenue expenditures and capital expenditures. Revenue expenditures are recorded on the income statement as expenses, while capital expenditures are…

Demat is a term used by investors to indicate dematerialization or the movement from physical stock certificates to electronic forms of stock. Dematerialization represents the modern form that stock…

Business expenditures can be divided into either revenue expenditures or capital expenditures. Revenue expenditures are recorded on the income statement as expenses, while capital expenditures are…

Faced with intensifying competition, companies generally explore strategic ways to expand, make more money and ensure that long-term growth does not hinge only on sales force performance. To increase…

Modern accounting regulation is constantly evolving to keep up with companies working in a digital world. Regulation provides many benefits for private businesses and publicly traded companies, from…

Many accountants choose to open their own business providing accounting services to clients. These services include bookkeeping, creating financial statements or consulting with small businesses.…

As of May 2010, a total of 483,440 individuals in the United States were employed as billing and posting clerks, according to the U.S. Bureau of Labor Statistics. Of these, approximately 91,820 worked…

The use of an accrual accounting system creates the need to adjust certain account balances in companies' books. Accountants make adjusting entries at the end of the accounting cycle before preparing…

The purpose of accounting standards can be answered by first looking at the purpose of accounting. The accounting profession is looked upon to provide analysis of assets, financial stability,…

An income statement reports how much income a company earned for a given period of time and the expenses incurred for earning that income. The company's profit or loss becomes clear. The inventory…

Today, no business can survive without accounting. Even if a business does not have its own dedicated accounting department, it appoints an accountant to go through its finances at tax time. Like any…

Accounting for merchandise inventory is often a technical process in accounting. Many different rules exist for this accounting process. Issues include selecting an inventory method, valuing items on…

There are three main business structures available to companies: proprietorships, partnerships and corporations. Corporations form a separate legal entity to its owners, while partnerships are similar…

The U.S. Department of Labor's Bureau of Labor Statistics reports that the CPA, or certified professional accountant designation, is required by law for accountants who file reports with the…

In accounting, entries recorded in the general journal can be adjusted at the end of an accounting period to allocate income and expenses to the period in which they actually took place. The basis of…

In business accounting, top management understands that productivity is more a job generator than a job killer. To increase internal efficiency and foster a productive work environment, senior…

The term "fiscal administrator" describes a financial manager in charge of a company or government entity's financial development, investments and reporting. Fiscal administrators may also go under…

Business combination and consolidation reporting is a common practice in companies with multiple entities or subsidiaries. Specific accounting rules must be followed in combining and consolidating…

The accounting treatment of two companies who are partners in a joint venture plays out in either the equity or proportional consolidation reporting method. While the meaning of "joint venture" is not…

When you are accounting for inventory, you can use two general systems to journalize the transactions for financial recording. The perpetual inventory system takes information on inventory quantities…

Accounting for transactions related to employees can be complex. Not only do the wages have to be accounted for, but money withheld for the employees' contributions to payroll taxes and the payroll…

If you're interested in the field of accounting, an associate of arts degree, also known as an A.A., may work well for you. This degree is a two-year program offered by community colleges,…

Chartered accountants can be found working in any business in Canada. The chartered accountant (CA) designation is issued and governed by the Canadian Institute of Chartered Accountants (CICA), of…

Accountants prepare, analyze and verify financial information for companies, individual clients, and federal, state and local government entities. Some accountants also provide budgeting and financial…

Several inherent traits require accounting to demonstrate a company follows specific rules when recording and reporting information. In many cases, accountants must review transactions and prove their…

A not-for-profit organization's primary mission is to serve the community. Nonprofits follow generally accepted accounting principles for recognizing revenues, such as donations, membership dues,…

If tax day does not offer accountants enough of a headache, then the differences between accounting for-profit and nonprofit entities surely will. Although certain accounting principles remain the…

Certified Public Accountants are generally well-compensated for their financial knowledge and expertise. However, CPAs don't generally begin their careers by making above average pay. Instead, CPAs…

There are numerous types of accounting careers for accounting majors or experienced accountants can pursue. Some help prepare taxes for people while others do taxes for business clients. Still other…

Regardless if an entity is for-profit, non-profit or a government operation, the entity has to have capital to operate. Without capital, such as cash, the entity cannot pay employees, buy inventory…

Non-profit senior accountants keep track of the organization's money by making sure records are kept accurately and making sure that taxes are paid properly and on time. Non-profit senior accountants…

In the modern economy, companies issue debentures to fund their commercial ambitions effectively and affordably. Issuers often redeem previously sold securities to take advantage of favorable credit…

The Employee Retirement Income Security Act of 1974 is a federal regulation that applies to businesses throughout the United States. The law is designed to establish specific rules and standards for…

Executive account managers establish and maintain relationships with clients for a business. They must work to help each account grow in terms of driving revenue back into the company. Executive…

Accounting is the language of business, and if you are starting a business, it is important to be able to know your way around the landscape. Learning basic accounting terminology will help you…

Professional accounting certifications enhance an individual accountant's credentials and job opportunities by demonstrating his knowledge and expertise in the field. To obtain the professional…

Cash is the preeminent asset that an organization -- whether it be a business, government entity, charity or academic institution -- uses to advance its operating agenda, perform tasks and lay the…

An omnibus contract, or omnibus agreement, is a document that lays out the specifics of a relationship among multiple parties, dealing with many different aspects of that relationship and stipulating…

Leaders in organizations and companies demonstrate the ability to manage and motivate workers while furthering the aims and goals of the business. Integrity is vital to effective leaders in the…

CPAs, or Certified Public Accountants, analyze and examine financial documents for clients or for their employers. The Bureau of Labor Statistics projects that the number of jobs for accountants will…

An ESOP is an Employee Stock Ownership Plan, a common type of incentive and retirement fund that businesses offer their employees. ESOPs can take many different forms, but essentially they are funds…

If financial statement users needed to gauge the health of a business by examining binders of journal entries, financial analysis would be difficult and time-consuming. However, summarization of…

Accounting brings up images of numbers and spreadsheets. And while accountants must have a thorough command of these things, they also need excellent communication skills. That's because as expert…

The standard accounting equation is assets equal liabilities plus owner's equity. While this accounts for all the major categories of financial transactions, businesses may desire more information. An…

Some companies contract with a customer to perform a job for the customer. The customer communicates how he wants the job performed, and the company determines the materials and labor hours necessary…

Even within the business world, the sales process behind consulting is often an enigmatic one, but this need not be the case. The onus is on the individual consultant company to clearly define…

Cash in transit serves as an accounting method to provide a placeholder for money that has been received but not yet fully documented. This methodology allows businesses to accurately track…

Management accountants that work for manufacturers determine the costs that go into making products. Those working for retailers or wholesalers analyze the costs of purchasing products from…

Accounting assistants work within the accounting or bookkeeping departments in companies to help update and maintain the company's financial records. As assistants, they work under the direction of a…

Journal entries are a primary tool in accounting. These entries update general ledger accounts for the transaction a business incurs during standard operations. Adjusting entries represent a specific…

For a business entity to succeed, recording of transactions must be proper and complete in all aspects. Most people use the terms bookkeeping and accounting interchangeably when referring to the…

Accountants provide financial and accounting services, analyze financial records and record accounting transactions. According to the Bureau of Labor Statistics, all 50 states require licensing for…

A clearing house is a company that simplifies the medical insurance claims process by providing electronic submission and translation services between doctor and dentist offices and insurance…

Insurance companies deal with other people's finances throughout their workday. These companies sell insurance policies, which provide protection to customers who may experience unforeseen financial…

Generally accepted accounting principles, or GAAP, constitute rules a business must follow to record and report its economic events. The Financial Accounting Standards Board, or FASB, is the…

Senior sales executives are generally responsible for planning, directing and coordinating an organization’s product distribution or movement to the customer. They typically manage a team of…

The most common method of evaluating a public relations campaign is to compile press clippings and broadcast mentions, according to Dennis L. Wilcox's Public Relations: Writing and Media Techniques.…

A trial balance is a bookkeeper's tool for arranging ledger balances into a T-chart with credits and debits. Most companies generate trial balances at the end of each quarter. Putting these trial…

Accountants oversee the financial transactions of a business, determine the financial impact of each and report the results to interested parties. The balance sheet follows the accounting equation…

Producing products for sale to customers is only part of the company's task. Once the products are made and sold, this activity needs to be recorded in the company's books. The journal entries in…

Companies use accrual-based accounting in order to follow the matching principal of accounting, which means the company records expenses when incurred and revenues when earned, not necessarily when…

The finances needed to open and operate a bakery vary greatly depending on the size of the business, its location and the type of baking equipment that will be used. Achieving profitability is also a…

The U.S. Department of Labor's Bureau of Labor Statistics classifies landscape architecture professors under the category of "postsecondary teachers." An architecture professor teaches courses related…

Becoming an accountant can be a tough go, with varying levels of difficulty depending on the kind of accountant you want to be. But no matter what the path, entering the profession requires years of…

Insurance companies offer environmental impairment insurance to businesses interested in securing protection against threats not covered under their general liability contracts. Environmental…

Accounting personnel working in the same department can have very different job descriptions. Knowing the basic job duties and responsibilities of these individuals not only helps you set up your own…

As a business owner or manager, it is your responsibility to protect the company's assets. While managers try to hire upstanding ethical employees, sometimes a bad apple can fall into your backyard.…

The Small Business website reports that accountants are the most trusted source of business advice. It claims that 35 percent of bosses at independent companies value them as their most trusted…

Financial accounts in the general ledger hold information relating to a company's business transactions. Many different types of accounts exist in the general ledger. A specific account companies can…

USPS, the United States Postal Service, offers two primary account types -- business and personal. The personal account, called "household," is recommended for day-to-day mailing tasks such as buying…

Cash receipts are logged each time customers pay cash for goods or services. They are usually produced by register computer systems -- both as internal records and printable receipts. However, they…

When a company purchases a large physical asset, it records that transaction in the accounting records as an asset, not as an expense. Expenses reduce the company's net income and taxable income…

The Financial Accounting Standards Board sets U.S. generally accepted accounting principles, or GAAP, while the International Accounting Standards Board sets the international financial reporting…

Some small companies neglect the need for a formal accounting process. But every organization, whether it is for profit or nonprofit, large or small, benefits from having an accounting system and…

Management accountants work for major corporations and accounting firms. They record and analyze the financial results for their firms or clients, including revenue, direct costs and capital…

Fund accounting is a way to separate money and other resources into categories based on the source of funds and any restrictions on the use of those funds. Organizations use fund accounting to track…

A business combination occurs when one company acquires another or when two companies merge into one. After the amalgamation, only one corporate entity continues to exist. The shareholders of the…

People use the Internet in both their personal and professional lives. From checking social media sites to submitting electronic forms, people interact electronically throughout the day. In business,…

Marketing projects are vital to the success of many companies and require coordinators to estimate the demand for the company's products or services, identify the market, develop pricing strategies…

Employers will frequently require that a specific educational degree or diploma is needed for corporate accounting positions. You must use proper formatting to provide all of the necessary details…

When considering a career as an accountant, proficiency in mathematics is certainly a skill you need to possess and it doesn't hurt to have a love of numbers too. You'll need to be proficient in basic…

Fraud examinations, or fraud audits, are designed to uncover fraudulent activity in a company, often perpetrated by employees or managers. A fraud audit can also identify weaknesses in a company's…

Transaction brokerage is a type of concurrent representation used in real estate transactions where a broker or agent represents both the seller and buyer in the same transaction. In transaction…

The path to becoming an accountant can be an arduous one, depending on the road taken and the type of specialty. After years of schooling and entrance exams, an accountant can expect to earn within…

Every country that has an established stock exchange has a set of generally accepted accounting principles (GAAP) that it requires public companies to follow. A country's GAAP develops over a period…

The terms "bookkeeper" and "accounting clerk" are often used interchangeably in business. The duties of a bookkeeper and an accounting clerk can be very different from company to company. However, a…

Accounting and bookkeeping for enterprises has a history almost as old as time. The remnants of accounting records from 4500 B.C. have been found. In 1494, a Tuscan mathematician, Luca Pacioli, wrote…

You have received a settlement award and, come tax season, wonder: Is this "income" for the purposes of my tax return? You are not alone in asking this question -- most legal claims end in a…

Dividends are financial rewards a company gives to shareholders. Dividends are not a necessity as part of the reward given to shareholders. When they do occur, however, a company must accurately…

Homeowners take for granted a trip to the local hardware store, home improvement or paint store to purchase cans of paint for a do-it-yourself project. It was not always so easy. Prior to the…

A cash receipt journal is a bookkeeping tool used to record all the cash a business receives. This bookkeeping method does not record business expenses or payments made on the business's behalf.…

Sales, expenses and other business transactions are entered as journal entries, which are then posted to a company's ledgers. In a double-entry system, at least two entries to two different accounts…

At the end of each month it is wise to go through a checklist to check up on your company's financial condition. Developing a month-end accounting checklist makes it simpler to analyze your company's…

Accountants tend to use abbreviations for some of their most common transactions, accounts or recordings. Business managers and investors both need to be able to review and understand financial…

Historical events have helped shape the United States. This is also true in the world of finance and accounting. The historical events and legislation in accounting shape finance in companies and in…

Large business asset purchases are not recorded as expenses and written off during the purchase year. Because such assets have a useful life extending beyond the year of purchase they are capitalized…

Full cycle recruitment, or full life-cycle recruiting, is the process a recruiter uses when placing a candidate. The process begins when the job order is taken and ends after the new hire begins his…

A summary of qualifications explains why you are the ideal candidate for a given job by highlighting your direct qualifications for the job in question that will address the needs of the employer.…

Accounting is usually considered an exact science, but it's only exact if accountants apply the same principals to every company. To standardize accounting practices in the international market, the…

There are various career possibilities available to accountants. They may choose to work in public or private sectors as auditors, financial analysts, controllers or consultants. Accountants are…

Financial statements list all financial information for a specific time period. Companies often prepare them monthly to inform stakeholders about current financial performance. Both internal and…

Intermediate accounting courses expose students to the theoretical background behind the discipline of accounting. Intermediate accounting is typically taken over the course of two semesters at most…

Accountants are financial professionals who examine and audit the financial records of companies, individuals and organizations. According to the Bureau of Labor Statistics, the number of available…

A business sometimes sell products within the company itself. Transfer pricing plays a role in responsibility accounting by making each division responsible for its revenue, costs and investment…

It might surprise many Americans to find out that there was no such thing as a federal budget prior to the Budget and Accounting Act of 1921. Federal expenditures were managed by a variety of…

College students with an aptitude for math and business sometimes seek careers in the accounting field, but those interested in health care might lean towards nursing, since it is one of the…

Gains on a company's balance sheet reflect the positive difference between an investment's original purchase price and its market value. Companies often make short-term and long-term investments in…

Accounting is a business activity that records and reports business transactions to a variety of stakeholders. Providing accurate financial records allows a company's management team to make informed…

Generally accepted accounting principles (GAAP) is a phrase used by accountants, auditors and businesses. GAAP represents a written set of guidelines and procedures that businesses follow regarding…

In accounting and finance, a derivative refers to a contract that derives value from another underlying variable. Essentially, derivatives create a hedging mechanism that insulates you from risks over…

While a majority of work an accountant does deals with crunching numbers, balancing budgets and completing financial statements, accounts can also be leaders in boardrooms and can take various career…

Bookkeeping clerks work for small, medium and large or enterprise class companies in almost every industry. Different bookkeeping clerks work on different tasks in larger companies, such as payroll or…

Accountants work for corporations, hospitals and the government. Some accountants are certified public accountants or CPAs, which means they are licensed through their state boards. Accountants…

The accounting cycle contains various steps accountants follow to record and report financial information. One step is adjusting accounts prior to preparing financial statements and closing the…

A covenant is a promise to perform or refrain from performing a certain act. In a legal context, covenants are promises contained in a contract, such as a covenant not to divulge the other party's…

Double-entry accounting has been around for a long time. Luca Pacioli first wrote about double-entry accounting in the 15th century. Some say that the Industrial Revolution of the nineteenth and…

The accounting consolidation process in an exercise in which financial supervisors make their mark in performance data management and corporate financial reporting. Supervisors combine the company's…

The United States Postal Service (USPS) uses the carrier pickup program to pick up Parcel Return Service (PRS) packages. When you purchase items on the internet and your item comes with a PRS label,…

A basic salary for bachelor’s degree holders is hard to pin down, as salaries vary widely depending on the discipline of the degree, job title and years of experience. However, the average…

While financial statements provide stakeholders with information on a company's financial position, a deeper analysis is often necessary to determine how well the company operates. Financial ratios…

Cash is a balance sheet account that reflects the ending balance for an accounting period, which could be a month, quarter or year. A negative cash balance can result from writing checks or making…

Friendster is social networking website created in 2002 by computer programmers Johnathan Abrans and Peter Chin in Morgan Hill, California. Friendster preceded its competitor sites, including Myspace…

An accountant can maximize his salary potential by earning the CPA, or Certified Professional Accountant, designation. The U.S. Department of Labor's Bureau of Labor Statistics reports that CPAs who…

To ensure that all federal government employees are paid equally for equal work, no matter where they work in the U.S., the Office of Personnel Management administers compensation from the same set of…

The objective of financial reporting consists of communicating the activities of the company during the period being reported. At the end of each accounting period, the company records accrual entries…

Accountants are responsible for keeping track of a company’s or an individual's money. There are various kinds of accountants, including public accountants, government accountants and management…

A long-term capital gain occurs when you sell off a business asset that you have held for more than one year. Business assets can vary from equipment to stocks in another company. If you sell the…

Corporate combinations are a hallmark of capitalism. They represent pivotal events in the life cycle of two companies hoping to strengthen their market position by joining forces. Some classic forms…

Any business that provides manufacturing, or a service that may not be completed in one accounting period, should make use of a work in process (WIP) account to correctly allow for raw materials or…

Pursuing an online certificate in accounting can be a convenient way to enhance your credentials in the business world or provide yourself with fall-back career option. According to the Bureau of…

A Certified Public Accountant or CPA can help you manage your personal finances or the finances of your business. Before you get to the stage of interviewing potential CPAs, ask around. Talk to…

After recording financial transactions all month, the accounting staff needs to perform the closing process in order to finalize the financial records for the month and prepare the accounts for the…

Becoming a professional accountant can provide you with an opportunity to work with many different people on a daily basis and help them keep their finances in order. Before you can start working as a…

GAAP, or generally accepted accounting principles, form the basis for financial reporting in the United States. Accountants follow these principles when measuring the financial impact of certain…

The accounting cycle begins on the first day of the accounting period and ends when the company records the closing entries at the end of the month. The accountant records the financial activities all…

An autopsy assistant -- also referred to as a pathology assistant -- provides administrative and clinical assistance to a physician, coroner or medical examiner in a morgue or pathology laboratory.…

When you receive your paycheck at the end of a payment cycle, you can thank your payroll specialist for providing you all that information in a simple manner. Of course, if there's an error, that's…

If you have a commercial lighting business it is possible to increase your accounts by providing services beyond Christmas. Your business can offer to decorate for other holidays and special occasions…

International financial reporting standards are the biggest change to the accounting profession in history. Accountants all over the world -- over 120 countries -- are applying IFRS to financial…

Your Norton account is your key to managing all of the various Symantec anti-virus and computer protection programs installed on your machine. Your account allows you to manage your various licenses…

Accounting is the mathematical science of collecting, recording and compiling financial information to present it in an efficient and effective manner. Almost all accounting is done on either a cash…

Your appearance is the first step toward making a good impression during an interview at an accounting firm. Accounting firm interviewers are taking note of a number of things, including how you…

As technology progresses, it seems like you can do almost anything over the Internet. You can communicate, enjoy various forms of entertainment and even work from home. There are many careers that are…

Sole proprietors often invest funds in their businesses and sometimes they withdraw funds for personal use or for other investments. The drawing account is used to record cash withdrawals. It is a…

A capital expenditure is a transaction where a company buys a fixed asset or spends money to make improvements on currently owned assets. Companies often record these expenditures as an asset. Assets…

Accounting for the costs of labor is at the heart of most business accounting since employee costs and related expenses are such an integral part of an operation. Controlling such expenses can add…

Construction companies sign contracts with customers to complete long-term projects. These projects extend for months or years until the company finishes the final requirements of the project. The…

Inventory is a balance sheet asset account. It consists of raw materials inventory, work-in-process inventory and finished goods inventory. Work-in-process inventory is partially finished goods that…

Meez is a virtual world that enables you to create your own avatar. You can customize your avatar's outfits, buy objects and set up rooms. You can also use your creation to explore other environments,…

Accounting, the language of business, has its own rules and definitions that seem odd to individuals with no financial background. To bridge this gap, accountants need to communicate the meaning…

Accounting for a Limited Liability Corporation, or LLC, depends upon the type of tax treatment selected upon creation of the company. An LLC with only one member may conduct its accounting just like a…

Interest on Lawyers Trust Accounts, or IOLTA accounts, were created by the federal government to raise money for civil legal services for indigent persons. When an attorney takes on a client, money is…

When you're planning your business, one of the most fundamental decisions you can make is whether or not your business will be a nonprofit or a traditional for-profit corporation. There are many…

There are three basic types of accounting systems that are used by most firms. Businesses use financial accounting to produce financial statements that are used to report on the condition of the…

Meez is an online service that allows users to download free avatars to their computers and play free online video games. If you ever want to delete your account on Meez, you can do so right from the…

Accounting regulations require that a parent company consolidate the financial data of its affiliates and subsidiaries, provided the business holds a certain equity threshold in each subsidiary.…

Marketing executives direct a company’s marketing of products and services to its target markets. Marketing executives oversee the company’s market research, marketing strategies, public…

Ymail is a Web-based email service offered by Yahoo. Yahoo Mail allows you to create a free @ymail.com email account. Once you create your Ymail account you can send and receive unlimited emails with…

The Financial Accounting Standards Board, or FASB, is the leading source of generally accepted accounting principles. The FASB is an independent rule-making agency and issues Statements of Financial…

Businesses generate revenues by selling products and services. Under Generally Accepted Accounting Principles, revenues must be recognized on an accrual basis rather than on a cash basis. According to…

Catching incorrect accounting entries can be tough because of the sheer volume of transactions that occur on a daily basis. Accounting entries, also known as journal entries, are typical of the double…

A dividend is a distribution of a company's earnings to its shareholders. There's often a month or two between the time a company declares a dividend and the time it pays the dividend. You can create…

Straight-line depreciation is the easiest way to spread the costs of assets that lose value over a period of time. A depreciating asset is referred to as a non-cash expense. The matching principle of…

Accountants change financial forecasts and estimates as often as the underlying information requires it. In a global marketplace where uncertainty may be more prevalent than ever, financial managers…

Becoming an accountant typically requires a minimum of a bachelor's degree in accounting and includes a high level of responsibility when it comes to analyzing clients' financial information, keeping…

Depreciation is the decline in an asset's value. It is an indiscriminate catch-all term that includes all possible sources that cause a decline in the asset's value. In accounting, depreciation is the…

Accounting software has revolutionized the accounting profession. Accountants and bookkeepers used to keep books manually with paper ledger books and pencils. Now accounting software makes the process…

Becoming an accountant in Texas can be a great career choice. Accountants in this growing state have good job security and are usually well-compensated. There are so many fields within accounting to…

Nonprofit accounting is different from for-profit accounting. Some basic concepts, such as debits and credits, are the same, but there are differences in reporting and in other areas. The Financial…

A company's income statement shows the sales, expenses and profits for a period. The top line is sales and the bottom line is the net profit after deducting expenses and taxes. Sales and expense…

As accounting professionals advance through the ranks, they often begin the journey as an accounting clerk. These professionals move into a position as a staff accountant, then move up to senior…

Businesses keep inventory on hand for resale or for making other products. In-transit inventory refers to items that have been shipped but have not yet arrived at the destination. The accounting for…

Account executives are salespeople who primarily sell products and services to business customers. Account executives usually work as outside sales representatives, calling on existing clients at…

In accounting terms, proceeds commonly describe the funds received from a bond issuance or net gain from selling a fixed asset. Each financial event requires accountants to record a specific…

The IRS has a range of accounting jobs available. According to the IRS, the duties of accountants with the agency include setting accounting standards, requirements and policies; examining, analyzing…

In accounting terminology, the cancellation of debt is perhaps quicker and more straightforward than what the legal process mandates. Accountants must follow specific standards to take financial…

Google AdWords is an application used to advertise through Google. Register using a Google Mail address, and submit and pay for advertisements on websites affiliated with Google AdWords. If you've had…

The platform ooVoo is an instant messaging and video chat program developed by ooVoo LLC. The program ooVoo allows you to participate in video chats with up to six people. This program offers both…

ReverbNation is a social networking website that allows independent musicians, producers and venues to share music and collaborate on projects. According to ReverNation.com over 1,307000 independent…

A Simplified Employee Pension IRA is one of the least complicated options for small businesses and the self-employed. Unlike a 401k or other qualified plan, the SEP IRA has a liberal contribution…

Accounting professionals can find themselves in the job market for a variety of reasons. Recent accounting graduates, for instance, might be seeking their first accounting positions. Some accounting…

The hotel industry serves clients by providing sleeping accommodations away from home. Guests stay at hotels when they travel on vacation or meet with business clients. Hotels offer different…

Accounting terminology describes specific events. Understated and overstated are two terms that describe the inaccuracy of accounting figures. Accountants use these terms primarily when reviewing…

Memolink is an online advertising platform that allows you to earn commission for referrals. Memolink provides you with links that you can place on your website or blog. Every time someone clicks on…

A company can lose revenue one of three ways. These include purchase discounts, allowances and returns. Each item has a different effect on a company's total revenue for a specific accounting period.…

The top accounting firms, as recognized by independent publications, are located in Atlanta. What these firms also share are decades of experience and a wide range of service offerings. With one firm…

Depletion is a special form of depreciation that applies to natural resources which are used up over a time, as opposed to assets that age. To calculate the total amount to be depleted, the residual…

German software maker SAP (which stands for "Systems, Applications and Products in Data Processing") provides various applications to businesses of all sizes throughout the world. One of the firm's…

Accounting departments collect payments, pay bills, make payroll, pay taxes and generate financial reports. Failure to manage money carefully can cause a business to fail. Yet the cost of running an…

NetZero is a company that provides Internet access through free and paid dial-up and high-speed Internet subscriptions. Occasionally, you may find that a hacker has tried to access your NetZero…

An accounting entity is a business or a part of a business whose financial activity is tracked as a separate unit in order to provide useful financial information. The greater the number of accounting…

Pandora is an Internet radio service that allows you to listen to streaming music on the Internet. The service uses a proprietary computerized model to create custom radio stations based on your music…

Stockbrokers work as sales agents who deal in stocks and investment products. The stockbroker helps individual clients transact purchases and sales of stock as well as providing advice on stock…

LiveOps is a company that markets software for call centers and sells outsourced call center services. Customers that use LiveOps outsourcing services pay a monthly access fee and an additional fee…

WorldWinner is an online gaming service that allows you to play games for cash and prizes. WorldWinner games include Scrabble, Solitaire, Wheel of Fortune and Jeopardy. The service requires a…

Financial accounting deals with reporting a business' finances using official records called financial statements. These aid in investment and credit decisions, conform to legal reporting requirements…

First-year accountants, also known as entry-level accountants, prepare profit and loss statements, balance sheets and financial reports for their clients or employers. Many factors affect the…

The Master of Business Administration degree or MBA has become a mid- to upper-level management degree required by many companies and organizations. Some MBA degrees offer students the opportunity to…

Given the significance of technology in the modern economy, it's not surprising that organizations, big and small, use computer programs to record and report operating activities. Companies rely on…

The terms "accounting" and "payroll" are often interchanged in a business. "Accounting" is a term used to describe the part of the business that handles all financial transactions and cash flows of…

Global Tel Link is a company that allows you to make phone calls to inmates at selected correctional institutions in the United States. Before you can call an inmate using Global Tel Link, you will…

GAAP is the standard implemented by accountants and auditors. The acronym stands for generally accepted accounting principles. It is a compilation of all the principles accountants utilize in…

Stamps.com is an Internet-based company that offers online printing of postage. The United States Postal Service approves of the Stamps.com service for customers to buy and print postage. The…

Accountants are auditing professionals responsible for examining a company's or organization's records to ensure accuracy and legal compliance. According to the Bureau of Labor Statistics, there were…

A Bachelor of Science in Accounting enables graduates to handle the financial record keeping and transactions of businesses in such fields as corporate accounting, governmental accounting or…

Individuals and organizations employ accounting professionals to help them track finances. Accountants and auditors organize financial information and advise clients on how to maintain finances and…

Accounting equations constitute the conceptual framework through which bookkeepers check the accuracy of journal entries and make sure record keeping abides by regulatory guidelines. To understand…

An accounting tutorial can help you understand the main concepts of financial reporting, as well as how organizations record and report their performance data. As a trainee, you can take courses…

Click2Pay is an online money transfer service that allows you to pay thousands of online merchants from around the world. In order to use the Click2Pay service, you will need to create a free…

Corporate financial statements consist of the income statement, balance sheet and cash flow statement. The income summary account is a temporary account into which all income statement sales and…

To work as a public accountant in the state of Tennessee, candidates must meet licensing requirements. Public accountants provide tax and auditing services to businesses and individuals. The certified…

PartyLite is a company that markets a line of home decoration products such as candles and fragrances. The company sells its products through a network of consultants. For a monthly fee, the company…

In an income statement for an insurance company, the incurred loss for a period is defined as the paid losses plus the difference between the ending loss reserves and the beginning loss reserves.…

Being a chief financial officer for a startup company is always challenging. A startup CFO is hands-on. He has to perform accounting tasks that in large companies he would delegate to staff members.…

The chief executive officer of a company holds the responsibility of running that company from the ground floor. CEOs commonly designate tasks to subordinate employees. However, as author John Carver…

Tools to analyze a company's financial standing include key metrics known as financial ratios. Investors and other stakeholders analyze the balance sheet and income statement using ratios to better…

Companies enter into a variety of payment arrangements when providing products or services to customers. Some transactions require the customer to pay cash at the time she receives the product or…

Careers in accounting require workers with an aptitude for mathematics, strong analytical skills and the ability to interpret facts quickly. Different accounting careers bring in different salaries,…

Career opportunities abound for students pursuing an accounting degree. The accounting field encompasses a variety of different disciplines tied into financial reporting and allows students to select…

Companies issue stock to raise funds for operations and growth plans. Paid-in capital, also known as contributed capital, is shown in the shareholders' equity section of a company's balance sheet. The…

Accounting is a cyclical process in business. Most companies treat every month as one period. The accounting cycle details the activities a company will complete in order to record and report…

Accounting -- in terms of recording and reporting financial information -- differs very little among entities. The purpose of accounting is the major difference between profit and non-profit…

The accounting process is made up of many key steps, and always includes performing adjusting entries. These entries are completed at the end of a period to update balances in specific accounts in the…

Accounting is the process used by individuals and businesses to track and report information. All transactions are recorded and posted into different accounts using a double-entry system of debits and…

CARFAX is an Internet-based company that offers vehicle history reports on any used car that has a 1981 or later model year. The site is useful for both buyers and sellers of used vehicles. CARFAX's…

The accounting cycle starts with a single transaction and ends when you close your books. Describing this process as the accounting cycle is appropriate because closing the books in the final step is…

In accounting, an expense is the recognition of a period cost. Companies expend cash on items necessary to run a business, such as utilities, wages, maintenance, office supplies and other items.…

Technology gives accountants many tools and advantages for recording and reporting financial data. While computers have been in use by businesses for decades, recent developments have had direct…

Accountants prepare financial statements, track profit and loss, organize tax statements and perform many related duties. An individual must have at least a bachelor's degree to work for most firms as…

Accounting is responsible for capturing all types of transactions in a company. Depreciation is an expense that relates to a company's fixed assets. It is important because depreciation expense…

Careers in accounting, law and engineering are usually very lucrative, as each of these professions requires a high level of education and training. The salary for accountants, lawyers and engineers…

TrueCredit is a paid credit monitoring service offered by TransUnion. The service provides you with a copy of your credit report and credit score from the three major credit bureaus, Equifax, Experian…

Depreciation represents the periodic use of a company's assets. Accountants report depreciation as an expense on the income statement each accounting period. Calculating depreciation requires several…

Indirect hours represent labor in a production department that does not affect manufacturing activities. Companies must account for these hours because the cost of labor does impact produced goods.…

Double-entry accounting is the traditional method for recording and reporting a company's transactions. The system allows for a self-balancing method to be applied to a company's general ledger. The…

Business professors are among the best paid of all college professors, and accounting professors rank high within business schools. That's because universities face competition from the private sector…

In accounting, the CIA designation stands for Certified Internal Auditor. The designation is offered by the Institute of Internal Auditors. The designation is the only globally accepted credential for…

A business sends periodic dividend payments to its stockholders to compensate them and keep investor interest high in the company. Under accounting rules, dividends reduce shareholders' equity.…

The accounting process consists of several different cycles. Each cycle reflects a certain type of business activity. Accountants define each transaction by activity and follow the same process to…

Health savings accounts, or HSAs, appeal to employers who want to offer affordable health insurance to employees, and are gaining traction as a health-care option; Insure states that as of 2010, 10…

Walmart is an international discount retailer headquartered in Bentonville, Arkansas. According to Forbes, Walmart was the world's largest corporation in revenue as of April 2010. In the United…

MediaFire is a file hosting website that offers free and paid hosting services. You can use the service to store and share large files with friends and family over the Internet. MediaFire calls its…

Bing Travel is a service offered by Microsoft that is part of the Windows Live platform. The service allows you to identify price trends for hotels and airfares and helps you determine the optimal…

Accounts conduct financial analyses for businesses, evaluate risk for various investments, and help companies and small business owners prepare revenue forecasts. Some work in corporate payroll…

Auditors are trained to review a company's financial records for signs of fraud. Among those signs of fraud: unusual profitability. As part of this training, they look for motives and pressures…

A nominal account in accounting is a temporary account that reports incomes, expenses, profits and losses. Nominal accounts are closed at the end of every accounting year. What this means is that at…

In contrast to sole proprietorships and partnerships, corporations remit some of their earnings to their shareholders through dividends. Corporations earn revenues, incur expenses and record income in…

Roaman's is an online retailer that offers plus size apparel. Roaman's features outerwear, suits, casual wear, dresses and Comfort Choice intimate apparel collection. Petite, women's and tall sizes…

AOL Mail is an email service offered by America Online (AOL). AOL offers both free and paid email accounts. Typically, you access AOL through the AOL application or through AOL's website. However, it…

There are four basic phases of accounting: recording, classifying, summarizing and interpreting financial data. Communication may not be formally considered one of the accounting phases, but it is a…

A tale of how businesses seek operating funds often resembles the way persistent toddlers attempt to crawl and gradually walk. It takes patience, determination and an unwavering commitment to…

After toiling over the resume and mailing it to prospective employers, the search for an accounting position has just begun. Both accounting graduates and experienced accountants face tough job…

The accounting industry tends to separate workers into different categories. Titles such as certified public accountant (CPA) and accountant classify workers in different groups. The former has a…

Basic accounting provides the principles a company can use to record and report financial information. Companies use accounting to measure their profitability and effective use of capital. Though…

Companies face a variety of costs in the operation of their business. These costs behave in different ways. Fixed costs remain the same throughout the year; variable costs change as the activity level…

Environmental accountants aid businesses and governments in balancing costs of environmental effects caused by economic decisions. A managerial environmental accountant makes an assessment of the…

Many of us now have options when it comes to choosing a retail electricity provider, thanks to deregulation. Even if you think you are getting a good deal on your electricity account, it is wise to…

Liquidating distributions are also known as liquidating dividends. These occur when a company issues dividends that exceed earnings and profits. Normally, dividends come from the earnings and profits…

If money acts as the language of business, accounting serves as the journal. Business managers need money management skills to make the best decisions for the company. Accounting records the financial…

Accounting is the way a company keeps financial score. Through specific accounting tasks and activities, a company will record financial information. Experienced individuals will often be the ones…

Making payments in accounting typically involve the posting of entries into a company's general ledger. Two types of payment are common in accounting: credit and cash. Each is similar when posted into…

Journal entries are the tools accountants use to post transactions into a company's ledger. Two types of entries are reversing entries and adjusting entries. Reversing entries are common at the end of…

Public accountants or CPAs, certified public accountants, work for corporations, small business and government offices. Some are self-employed and assist families and individuals on tax and investment…

Accountants usually need a bachelor's degree as a minimum, but many accountants have master's degrees. Some go on to earn special certifications, such as the Certified Public Accountant designation,…

The accounting industry is full of people who handle the basic tasks for recording and reporting a company's financial information. Two common designations are bookkeeper and accountant. While the…

Expenses refer to the costs incurred as a company conducts its business operations. Accountants record expenses in the financial records and report them on the income statement. Different types of…

Careers in accounting require strong mathematical, analytical and computer skills, and jobs may include such duties as preparing financial reports, auditing individuals and businesses, keeping records…

Computer accounting tasks are commonly performed by large and small businesses everyday. Most transactions, including point-of-sale purchases, inventory logging, purchase order generation, payroll and…

Many women enter the accounting field because they enjoy working with numbers and foresee job stability. Many accounting jobs require employees to work long hours at the office. Many of these women…

Small businesses originate through the dream of the entrepreneur. The entrepreneur considers the needs of the business and creates a business plan. The entrepreneur knows how to serve his customers.…

Financial reporting depends on the numbers recorded in the accounting records. Every transaction requires an accountant to enter the transaction in the accounting system. Accountants record financial…

Companies use petty cash accounts to reduce paperwork and simplify the process for paying small dollar transactions and transactions requiring immediate cash payments. The company appoints a petty…

Manual accounting involves the use of paper ledgers and journals to record financial transactions. These tools are from a bygone era. Accountants --- often wearing green visors and black armbands ---…

Journal entries represent detailed transactions that record financial information into a company's accounting system. Reversing entries are just one type of journal entries made by accountants. These…

The responsibility of financial reporting falls on the accounting staff. Accountants work throughout the accounting period to ensure that the financial numbers appearing on the final financial…

Accountants may work in either the public or private sector for individual clients or businesses, assisting with paying taxes, keeping records and analyzing financial information. The salary range of…

Accounting for a lawsuit incorrectly can add insult to injury. The business world is litigious, and it can be difficult to determine how likely it is that your company is going to have to pay or get…

InkFrog is an online platform that allows eBay sellers to manage and publish their eBay auction listings. The inkFrog platform is subscription based and charges a monthly fee based on the number of…

BizQuest is an online service that lists over 35,000 businesses and franchises for sale as of 2011. With a BizQuest account, you can search through all available business listings, search franchises,…

Companies borrow money from financial institutions in the form of loans and operating lines of credit, from suppliers in the form of notes payable, and from investors in the form of bonds. In return…

GoDaddy.com is an Internet hosting company headquartered in Scottsdale, Arizona. If you have domains in multiple GoDaddy.com accounts, it is possible to merge the domains into a single account.…

If you use FedEx to ship packages at work, you might find it convenient to open an office account. By opening an office account, you can have shipping fees charged directly to your company's corporate…

Investors, managers and lenders evaluate financial statements, to determine the value of a business. Analyzing the financial statements allows these users to make investment or credit decisions.…

Accounting is used in a variety of career paths and involves various types of financial recording and reporting. Depending on the career, accounting professionals may record financial transactions,…

Heros of Newerth (HoN) is an online multi-player fantasy game developed by S2 Games. Before you can download and play HoN on your computer, you will need to set up an account. You can create a new HoN…

Self-employed workers often have the same retirement needs as employees, but do not have the benefit of employer contributions to retirement plans. Self-employed workers still have options when it…

A common accounting term, "FOB," deals with freight and shipping. Accurately recording freight is important because firms may either capitalize the freight as an asset or expense it as a period cost.

The accounting field can be broadly categorized into internal auditing, management accounting, government accounting and public accounting, and there are numerous career choices. While most levels…

The job of an accountant is to ensure that corporations and private citizens pay their taxes on time and keep accurate financial records, according to the Bureau of Labor Statistics. You need a…

While accounting is a common process for recoding financial data, it is not without its problems. Companies must overcome the inherent problems in the accounting process to ensure they accurately…

HSBC is an international financial services company headquartered in London, England. The bank offers its U.S.-based customers a variety of banking options, including checking accounts, savings…

Applying for a job in accounting requires that you have the qualifications for the various types of positions found in different companies. Accountants work with the finances of private and public…

World of Warcraft (WoW) is a fantasy-themed massively multiplayer online role-playing game (MMORPG) developed by Blizzard Entertainment. The game is subscription-based and normally requires a paid…

Payroll accounting involves bringing together information about the hours your employees work, their hourly wages and their individual tax situations. Payroll accounting can be intimidating for a new…

Certified public accountants -- often called CPAs -- are licensed professionals who usually specialize in specific areas within the accounting field. Some provide tax services and advice to small…

If a baker sells a brownie at a dollar that it cost him just 10 cents to make, many would say the baker earned 90 cents in profit. However, this is not true under certain definitions of profit. Profit…

An accounting assistant is an administrative professional who performs basic accounting functions to support other accounting professionals. Responsibilities include reconciliation of accounting…

Payroll constitutes one of the most important and sensitive areas in corporate administration. Employees count on their paychecks, using this money to meet their own financial needs. The department…

MYOB (Mind Your Own Business) is an Australian-based technology company that provides financial software and products to businesses in Australia and New Zealand. While the company offers over 100…

Many companies seek financing to grow the business, either through purchasing additional equipment or acquiring a new business. Some companies choose to issue convertible bonds to investors.…

Entrepreneurs choose between several options to earn revenue and grow their business. Some choose to sell products that their customers need. Others provide services that customers benefit from.…

ING Direct is a federally chartered savings bank headquartered in Wilmington, Delaware. Unlike most banks, ING does not offer physical bank branch locations. Customers conduct all banking business…

Sales form the heartbeat of any business. Every operation in the business works toward the goal of increasing sales and earning a profit. The accounting department records the company's financial…

Many companies engage in continual research to develop new products. If the company engaged in research stumbles upon a new process or a new product, the company may file for a patent. Patent…

Many corporations pay dividends to their stockholders as a way of rewarding them for remaining loyal to the company. Dividends represent a return on their investment and come from the corporation's…

Accounting software programs are an easy and beneficial tool to use when you need to keep track of your finances, whether personal or business. Installing a program such as Intuit QuickBooks, or an…

E-ZPass is an electronic toll system operating in several Northeastern states. Electronic toll systems allow you to prepay tolls using a small, electronic transmitter installed in your vehicle. Tolls…

As an item gradually wears out, entries are made to a depreciation account, which reflects the reduced value of the item. At the end of each year, the depreciation account for the year is closed, and…

Like so many areas modern life, computers have transformed the way that accounting is performed, both for personal finances and for small and large businesses. Instead of making endless rows of manual…

Depreciation expense represents the period use of fixed assets in a company. Each time a company uses a fixed asset, such as a vehicle, building, machine or furniture, it must record an appropriate…

Going to graduate school in a business-related field is a key way to make yourself competitive in today's job market. Deciding on which degree to pursue can be difficult, especially if you are not…

Payroll administrators, such as payroll and timekeeping clerks, are the people who make sure everyone gets paid on time. They record employees' hours, calculate salaries, maintain necessary records…

Accountants work in small and large accounting firms, the finance and accounting departments of companies, government organizations, and as consultants. They compile and verify internal and external…

Lack of accounting knowledge can distort an owner's picture of the health of their business. In particular, sound fundamental knowledge in accounting will allow you to understand the quantitative…

Debiting a company's cash account holds multiple meanings, depending on the user. Accountants consider debits and credits when referring to all financial accounts. Other employees consider debits and…

An accountant monitors an organization's money. He is responsible for applying accounting principles and procedures to the analysis of financial information to help maximize efficiency and…

Advertising account coordinators or executives find clients to sell ads to and usually work for television and radio stations, newspapers and magazines, websites and similar media outlets. Once they…

RCI is a timeshare exchange company. RCI Points is a points-based vacation ownership system offered by RCI that assigns a point value to your timeshare weeks. When you join the RCI Points program, you…

Those working in billing account service positions typically have the title of billing clerk or posting clerk. They are responsible for calculating bills and preparing invoices for customers who have…

Lost deposits are an error that must be accounted for in a company's financial statements. With an adequate accounting background, making these changes into the financial statements is very simple.…

According to a report by accounting and consulting firm PriceWaterhouseCoopers, manufacturing industries may lose up to five percent of revenues to fraud. The Deloitte Forensic Center, in a review of…

Women who plan to study accounting in college may find their best source of scholarships comes from other women. Women's professional accounting organizations offer a multitude of scholarships to help…

A flexible spending account is a tool that is offered by some employers as a way for employees to use tax-advantaged money to pay for medical expenses. When your employer offers one of these accounts,…

Although primarily designed for use by businesses and companies in India, Tally Accounting software has ever-growing number of users in North America. Tally Solutions produces the enterprise level…

Over the past few decades, the Internet has transformed the face of business operations. Companies are using the Internet to market their products online to a global market. In the heart of this work…

Exporting the bill of materials from Sage Simply Accounting is not difficult if you have accumulated the information properly in your Simply Accounting software. The Simply Accounting software…

Amortization, or depreciation as it is sometimes called, is the loss in value that machines, equipment and other assets accrue in the course of their routine use in business operations. It is an…

Before the advent of the computer age, virtually all business owners used manual bookkeeping systems. Manual bookkeeping systems can be cumbersome and unmanageable for large companies that need to…

An accountant should include her career goals and objectives on a resume. This gives the employer an idea of what direction the accountant wants to go in regards to her accounting career and whether…

Companies rely on accountants for accurate, professionally presented information about the company's finances. When writing a cover letter for prospective accountant job positions, tailor your letter…

The stereotype of accountants is that they work dull, boring jobs, tucked away in a back room somewhere that is dimply lit and are pounding away on a calculator all day long. But accountants working…

Accounting fraud within your company can quickly eat away at revenue, making it difficult to do business efficiently. With the company books in disarray and the accounting department under suspicion,…

There are many different career paths available for graduates who had an accounting major in college. Accounting jobs are available in the private and public sectors and from nonprofit agencies.…

Rooms To Go is a chain of home furnishings retail stores located in the southeastern United States and Puerto Rico. Rooms To Go offers instant credit accounts to its customers. These credit accounts…

Businesses must keep accurate records of purchases, expenditures, money owed and other accounting factors. Traditionally, businesses tracked accounting records manually, which could be time-consuming…

The Budget and Accounting Act was signed by President Warren G. Harding in 1921. The legislation created institutions and precedents that still govern the basic practices of federal spending in 2011.…

Whenever you create a sales transaction in Simply Accounting, you usually just print the invoice or sales receipt and give it to the customer. However, if you need to email an invoice to a customer or…

Not-for-profit organizations, also known as nonprofits, make up a growing business sector in the U.S. The National Center for Charitable Statistics states that between January and August 2010, more…

Account reps, also known as account executives, work in different industries, such as insurance, computer software, industrial and financial. Account reps sell to specific business accounts, keeping…

With the release of Simply Accounting 2009, Sage Software introduced the "Bill or Materials" feature in the accounting program. "Bill of Materials" is similar to "Assemblies" or "Construction Units"…

With the release of Simply Accounting 2009, Sage Software added "Bill of Materials" functionality to the program. The "Bill of Materials" feature allows you to create product assemblies from other…

Accounting refers to recording financial transactions and reporting financial results. Accountants learn the practical steps to accomplish their tasks throughout their education. In order to maintain…

To remain competitive, many businesses choose to offer customers extended payment terms for invoices or purchases. While offering credit terms to customers is often good for business, it can also lead…

Like most aspects of accounting, tracking the cost of manufacturing processes is simpler on paper than in actuality. Manufacturing involves a complex interplay between materials, employee hours and…

Illinois students who want to become accountants can crunch the numbers on scholarship opportunities that are available at colleges and universities in the state. In addition to applying for…

Accountants create, examine and review records of financial transactions. The only truly essential technology for the trade to exist is a number system and a method for creating the records. History's…

Whether you are finally replacing a paper-based bookkeeping system with a computer setup or changing your accounting program, learning new software takes time and sometimes has a steep learning curve.…

Simply Accounting is a full-featured accounting program produced by Sage Software and designed for those with little or no accounting knowledge or experience. Although originally designed for Canadian…

Accountants manage financial information by keeping accurate public records, paying taxes on time and ensuring compliance with all government financial regulations. Most use special software packages…

The accounting cycle refers to the overall process of taking recordings of transactions and using those recordings to create various financial statements and a formalized record of the business's…

Simply Accounting is a full-featured accounting software application used by thousands of small businesses and entrepreneurs in Canada and the United States. Sage Software designed the application for…

Sole proprietorship forms the basis of most small businesses in the United States. A sole proprietorship consists of individuals or married couples who own a business and choose not to incorporate or…

Sage Software designed Simply Accounting 2007 to be an easy-to-use accounting application for business owners or managers with little or no accounting experience. The application allows business…

A Bachelor of Science in accounting typically begins with a foundation of humanities courses that include English, social studies, history and science. It then continues in the third and fourth years…

Companies choose to sell their products or services on credit to entice customers to make purchases. At times, these companies find themselves in a financial bind, lacking the cash to pay creditors or…

Accounting careers in insurance companies are varied, and so too are the salaries. Actuaries, for example, enjoy median salaries of $97,450 annually, while auditors earn between $42,000 and $78,000…

Many professions require you to update your skills through continuing education regularly. The accounting profession requires different levels of continuing education depending on your certification…

Charities are part of the nonprofit sector, providing goods and social services to the disadvantaged. They need financial programs to help them carry out their missions and good works. A charity can…

Those seeking a career in accounting should be detail-oriented, resourceful, logical and very organized. Individuals need to be motivated and should be able to work under stress. Interpersonal…

Reliance on accounting information impacts users of financial reports by giving them a set of tools to evaluate business operations. These tools are usually in the form of reports, such as a "balance…

Accountants examine financial information and prepare financial reports. An accountant may work for an individual, several individual clients or may be on a company's payroll. An accountant's median…

A stock redemption is an agreement between a corporation and a shareholder to purchase back shares of stock for cash. The stock, once purchased, goes into the corporation's treasury stock account.…

Accounting jobs fall into many roles within a business. These may include paying bills, recording transactions and performing reconciliations. Accountants also work in auditing, where they review…

Preparing a resume for a job application can be a demanding process, as you must sell yourself as an expert at a given job or topic. Divide your knowledge into categories or sections to better…

There are a variety of jobs and careers available for people with a degree or background in accounting or bookkeeping. These positions often help companies or individuals manage their finances, get…

An accounting worksheet is a tool businesses use to evaluate their finances at the end of the year. Accounting worksheets list all the accounts that the business has as well as the cash balance left…

A debit is an accounting function that is used to either increase or decrease an account when recording a transaction. Businesses conduct a large number of transactions and keep track of many accounts…

Accountants are the people who keep track of the bottom line for businesses or organizations. Although accounting has a reputation for being boring and uncreative, it can be a fulfilling and secure…

In light of the financial crisis that hit the world scene beginning in 2008, financial authorities have placed a greater emphasis on accountability and transparency in all financial sectors. As the…

OneStep Accounting 4.0 is an accounting and business management program developed and distributed by Enable Computing. The design of OneStep Accounting is for small- and medium-sized businesses. The…

Sage accounting software is a robust program that is very commonly used for small businesses. Sage offers everything from general accounting to time, billing and contact management. Sage provides a…

Say goodbye to secrecy in corporate financial reporting. These days, regulatory agencies press publicly listed companies to publish accounting statements along with disclosure notes. A firm's…

It's rare to see a firm doing its bookkeeping using the old-fashioned columnar pad and pencil setup. Computers made a huge impact in the way that accounting work is performed, not just for the big…

Understanding accounting basics helps you make sense of the tools companies use to run effective operations. You can use financial tools to calculate a firm's profit -- or loss -- and determine…

Simply Accounting, made by Sage Software, is a software application that allows small businesses to manage finances and payroll transactions without any special knowledge of accounting or experience…

Accountants and auditors ensure that business records are kept accurately and that unnecessary expenses are eliminated from a business or organization's budget. The job outlook should be favorable for…

The term "restricted revenue" is often used in the nonprofit accounting world. Revenues are usually restricted for two reasons: donors want to fund a specific program, or donors want the money to be…

Certified Public Accounts (CPAs) help individuals and businesses navigate the shoals of financial practice, taxes, investments and other money issues. They are specially licensed by their states to…

Professional accountants earn salaries that are considered good, and they are often very in demand. A program that leads to an accounting degree teaches individuals the skills and knowledge they need…

The individual retirement account, or IRA, is a government-designed program that encourages savings for retirement in exchange for certain tax benefits. However, to encourage its use and avoid its…

A repurchase agreement, also known as an "RP" or "repo," is an agreement between parties to loan or borrow funds over a short-term period, usually overnight. A reverse repo is the opposite…

When the California state legislature passes acts into law, the provisions contained in those acts become part of the California Code. The Omnibus Audit Accountability Act is legislation passed in…

People who are good with numbers and enjoy math but haven't attended college or earned the credentials to become a certified public accountant may consider an entry-level accounting job. Entry-level…

Insurance losses on property are not all that common, especially at the small-business level. So when they do occur it is sometimes difficult to remember, or know, what steps to take to properly…

In a time of rapid change brought on by globalization, instantaneous information transfer and shrinking natural resources, accountancy is being called upon to solve unique new problems as well as to…

Job growth in accounting is growing at a faster than average pace according to the U.S. Department of Labor. The increase in jobs is related to businesses needing accountants to help them navigate new…

Senior accountants gain proficiency in their area of accounting and advance through the ranks to the level of senior accountant. These accountants maintain a higher responsibility level than staff…

Medical facilities require accounting staff familiar with the nuances of the medical field. Accountants working in this industry encounter unique situations dealing with insurance companies, patients…

Accounting students in sports towns recognize the status that accompanies working for the local sports team. Starting a career with the team represents fulfillment of a dream for many. Several…

Accountants must have specific skills to be successful in the profession. This is true whether the accountant is working in accounts payable, accounts receivable or both. Although accountants may…

Businesses must follow accounting rules to keep track of financial performance. The accounting cycle has two distinct phases, the recording phase and the reporting phase. Often adjusting entries must…

An advertising account executive liaises between the creative team and the client to ensure the clients advertising needs are fully met. The median salary of an advertising account executive is about…

Businesses depend on their payroll accountants to manage and coordinate the payroll process. Payroll accountants record the expenses associated with company payrolls, the liabilities incurred and…

MBA graduates often pursue accounting designations as a supplement to their education. This combination of credentials often leads to lucrative careers for people with experience and a good track…

Nonprofits raise money to provide services based on the mission of the organization. They serve people, animals and communities. Nonprofit organizations experience financial transactions and use…

Accountability and integrity are some of the most important values individuals can exercise in the workplace. Accountability is being responsible or answerable for an action. Integrity describes an…

Health Savings Accounts enable people covered by high-deductible health plans to set aside tax-deferred money to cover current and future health care expenses. If you quit your job, you can either…

We live in a world of limited resources in which people try to use those resources most effectively. By providing accurate and timely measures of performance that can be used by investors to determine…

An account executive is a professional who sells products or services for an organization. This occupation is similar to a sales representative but in most cases, an account executive sells products…

A wholesale account executive, also referred to as a wholesale sales representative or sales engineer, is a professional who sells products for manufacturers or wholesalers. These professionals…

Account executives are sales professionals who work in the advertising, computer software, marketing consultant, wireless and financial services industries. Most account executives sell to specific…

Senior account executives can work in just about any business or industry. Education, background and experience all play a role in the type of business an account executive lands and how much money…

A mass mailing in response to an unanticipated event can empty your business postal account, sending you running to the post office with a check to add money to the account. The U.S. Postal Service…

Many small business owners look at accounting as a chore, and it can, in fact, be quite tedious. But once you sit down and actually do it, accounting provides valuable clues about where your business…

Salaries for those with associate degrees in accounting vary by job title, since that defines duties, responsibilities and clients. Highest paying among these positions is financial controller, who is…

A staff accountant generally reports to an accounting manager or controller, depending on the size of the organization. Responsibilities may involve financial and budgeting analysis, preparation of…

One of the world's largest online retailers, Amazon.com has expanded to be much more than its book-retailer roots once suggested. Because of the traffic it receives, Amazon is a popular venue for…

Similar to outsourcing human resources within an organization, it is possible to rent or lease the accounting equipment you need to run your business. There is most certainly savings in capital…

If you do business in Canada and earn more than CAD$30,000 in sales per year, you will need to register a GST/HST number. GST stands for Goods and Services Tax, HST stands for Harmonized Sales Tax.…

An accounting resume is not much different from any other resume in terms of format, except that it may highlight more relevant work experience as a selling feature. Accountants are often hired to…

For students interested in accounting, taking a position at one fo the world's largest accounting firms may seem like a dream job. Getting a foot in the door at the companies is no easy task, but…

Although all CPAs (certified public accountants) are accountants, not all accountants are CPAs. As a matter of fact,you need no licensing or certification to call yourself an "accountant." That's not…

There are several occupations available to people with an aptitude for accounting. The job outlook for accountants, auditors and related professions is good. Job opportunities in this field should…

Accountants are the butts of many jokes about boring jobs, but these jokes don't capture the reality of the experience. In fact, accounting provides opportunities for a certain amount of satisfaction…

Becoming an accountant in Georgia will provide you with a wealth of varying career opportunities within the field of accounting. In order to make the most of your degree, you have to go a step beyond…

Leaning and understanding accounting fundamentals doesn't mean buying expensive software or getting an associate or bachelor's degree in accounting. You can learn accounting via the Internet with a…

Office Accounting 2007 Professional is a versatile software product from Microsoft that lets a business owner manage invoices and other financial reports through relatively simple data entry and…

There are a variety of different entry level accounting and bookkeeping jobs that individuals with accounting degrees can obtain. Moreover, these types of jobs can provide individuals with an…

Accounting clerks perform accounting functions such as entering receipts into a computer, sorting payments and reconciling books. They may range in expertise from clerks who handle specific tasks to…

CitiMortgage is a member of the Citigroup Inc. headquartered in St. Louis, Missouri. CitiMortgage originates a variety of types of mortgage loans and also services existing loans. If you have an…

Acquiring a Master's in Business Administration (MBA) can be a key factor if you want to obtain a top management position in most companies. In a world that is moving towards a more corporate and…

Account executives are sales professionals who manage various client accounts. Account executives usually work with business customers in industries such as advertising, computer software and…

An account balance is the product of various bookkeeping activities, the end-of-period numerical indicator that shows the value of a corporate financial item. Bookkeepers, also known as accounting…

Careers in accounting typically require a minimum of a bachelor's degree in accounting, or a related field such as finance. Accounting career choices include certified public accountants (CPA),…

A direct debit account is a credit card, checking or savings account that you have authorized for another account to charge directly for regular payment of a bill. The direct debit account typically…

Merchandising businesses operate uniquely compared to other businesses by purchasing inventory in finished form and reselling it for profit. Each sale must be recognized and recorded as a change in…

Virgin Mobile is a prepaid Code Division Multiple Access (CDMA) cellular service provider in the United States that is a wholly owned subsidiary of Sprint Nextel. Before you can initially use your…

Accountants, by the definition of their work, are responsible for a company or organization's money -- where it goes, how it is used and how it is recorded. If you are interested in becoming an…

More than 1.3 million Americans worked as accountants and auditors in 2008, according to the Bureau of Labor Statistics. The agency notes that while most of these jobs require at least a bachelor's…

Companies prepare budgets annually to estimate their future financial position. The accounting department creates monthly reports that show both the budgeted amounts and the realized amounts.…

Generally accepted accounting principles (GAAP) are a set of rules for accountancy maintained by the Federal Accounting Standards Advisory Board. These rules are used to designate profit and loss.…

An online bachelor's degree in accounting can open the door to a well-paying and stable career. According to the Bureau of Labor Statistics, the number of new jobs for accountants should grow by 22…

Marketing in the 21st century expands beyond pick, plan and promote. Technology opens many opportunities to reach consumers requiring a generalist marketing manager to find support from marketing…

Zazzle is a website dedicated to selling custom products. Individuals can post items for sale, including artwork, crafts, business cards, T-shirts, bags and many other created products. A new feature…

A chartered accountant, also called a certified public accountant, is a professional who possesses knowledge of advanced financial topics. These range from financial accounting and corporate…

FedEx is a worldwide logistics and package delivery company headquartered in Memphis, Tennessee. FedEx offers its customers the ability to establish an account, including pre- and post-paid accounts.…

Accounting isn't necessarily a glamorous career, but that doesn't mean it doesn't have a lot to offer. Accountants enjoy stable job prospects, the opportunity to work with a wide variety of clients…

A petty cash fund is a fund that your business uses for purchases too small for checks and inappropriate for credit cards. To start a petty cash fund, set aside a designated amount of money such as…

Trainee accountants, also known as bookkeepers, accounting clerks or entry-level accountants, need an associate's or bachelor's degree for most jobs. Trainee accountants advance to higher positions…

Morgan Stanley Smith Barney is an international wealth management company that offers its clients a variety of financial products and services. If you have a Smith Barney account, you can log on to…

A PR (public relations) account executive is a professional who plans and administers public relations programs for clients. Work includes developing strategies to enhance each client's public image.…

Filipino Hearts, otherwise known as Filipino Cupid, is a dating website that specializes in matching Filipino singles with individuals from around the world. You can create a free account to the…

Personal use of a company vehicle is considered a taxable fringe benefit under the guidelines of the Internal Revenue Service (IRS). The employer is responsible for calculating this benefit and…

Accounting departments maintain documentation for every financial transaction that occurs. Sales documentation provides a basis for legal claims against nonpaying customers as well as backing up the…

If you're an accountant in Maine, your pay lags behind the national average for accountants, according to mean salary data from May 2009 published by the Department of Labor's Bureau of Labor…

If you're considering a career as either a pharmacist or an accountant, not only are the responsibilities and skills required for the respective jobs vastly different, but the pay is also dramatically…

An account on a social networking website such as Facebook can be a prime target for hackers. If you have lost access to your Facebook account because it has been hacked, your first priority is to…

For new accountants fresh out of a college with a bachelor's degree in accounting, an entry-level position either as an assistant or bookkeeper are the most typical entry level positions. The average…

Budget accounting covers multiple components that work together to make an organization's master budget. Used properly, budgets offer meticulous information regarding the overall finances of a…

An audit accountant is a professional who has demonstrated expertise in financial review and accounting process improvement. Also called a financial auditor, the audit accountant performs various…

If you are interested in mathematics, statistics and economics and have a keen sense of detail, the field of accounting is for you. According to the Bureau of Labor Statistics, accountants and…

Senior accountants keep track of a company's financial transactions and also prepare corporate and individual tax returns throughout the year. The position is often acquired by staff tax accountants…

A licensed enrolled agent (EA) represents a client on any tax matter before the Internal Revenue Service (IRS). EAs are recognized as federally authorized tax practitioners (FATPs) and are governed…

Processing payroll is a complicated and detailed task, involving lots of information and numbers that may change over time. Accounting for payroll can be tricky because some items are not expenses,…

Self-assessment is used to measure knowledge and skills in a particular field. It is often used prior to entering a particular university program or before taking a standardized exam.…

Learning the essentials of accounting is necessary for small business owners. Accounting is the term often applied to the basic practice of recording and calculating important financial information.…

The basic accounting equation draws on the rules of double-entry record-keeping, which ensure that total accounting debits are equal to credits. Bookkeepers, also called junior accountants or…

A vendor reconciliation account is a balance sheet account found in the general ledger. This account is used to summarize the transactions found on the accounts payable sub-ledger and is also…

Accountants help people and businesses to keep track of their taxes, in addition to checking over the books to ensure things are in order. Accountants have a great deal of specialized training. While…

A budget charge account, a type of revolving charge agreement, allows a borrower to borrow money from the account, up to a maximum limit. Budget charge accounts help companies finance purchases from…

A certified public accountant (CPA) performs auditing, accounting and tax services to businesses and individuals. All 50 states require licensure for certified public accountants to practice in the…

Sage Simply Accounting is a software package designed to meet business accounting needs. You will enter most of your business information the first time you run Simply Accounting. However, the…

Debit account access gives consumers free reign to monitor and control their cash flow. Debit accounts are checking accounts. Writing checks and using debit cards to make purchases against them is as…

As an accounting student, you will likely come across an opportunity to complete a semester or summer internship prior to graduation. While the obvious overall goal of this position is to experience…

A high demand for accountants and a shortage of instructors have pushed wages fairly high for accounting professors, when compared to professors in other disciplines. Senior accounting professors…

Becoming a staff accountant for a company or non-profit organization may be a career match for you. The qualifications of the position will depend on the duties required and the skill set needed to…

Interviewing for a job is uncomfortable for many people, especially if you are a new graduate or simply do not have a lot of experience in interview situations. When interviewing for the first time…

Corporations combine from a merger, consolidation or acquisition as a growth strategy to benefit from joint resources or to strengthen market position. The Financial Accounting Standards Board (FASB)…

Simply Accounting software is designed to assist businesses small and large to manage their tax and business accounts. It does not matter what knowledge and ability the user has already achieved, the…

My Coke Rewards is the Coca-Cola soft drink company's customer loyalty program. The Web-based program requires online registration for a My Coke Rewards account. Once registered, you can enter reward…

Marketing, the skill of developing a product to fit consumers' needs and then promoting, is an essential part of any product's commercial success. Because of this, virtually every item released into…

Direct debit service can be set up through your bank to make automatic payments from your checking account to pay bills. This is similar to direct deposit -- when your paycheck is deposited directly…

A CFN account means a Commercial Fueling Network account. CFN has been around since 1988 and provides a centralized system of fuel management for the transportation industry. Transportation employers…

An accounting degree can be a worthwhile pursuit. Accountants work in public accounting firms, businesses and government. Because of the need of this technical area, salaries of degreed accountants…

As a trained accountant seeking work, you will likely need to create a career objective statement for your resume, CV or job application. Your career objective should be brief but should highlight…

As part of your search for a job position in the field of accounting, you may need to write a statement or essay that explains your career goals for an employer. In addition to learning where you've…

Accounting clerks provide basic bookkeeping and auditing services for businesses and organizations. Clerical accounting jobs exist at for-profit companies, in nonprofit groups and for governmental…

Computers are essential tools in a wide range of fields and occupations. In accounting, computers have largely replaced paper ledgers and accounting machines, combining typewriters with calculators to…

Human service organizations are agencies that help provide the basic necessities of life to clients. Such organizations include the Red Cross, Boys and Girls Club of America, and countywide social…

Accountants hold a variety of positions, says the U.S. Bureau of Labor Statistics. For instance, public accountants handle financial and tax activities for their clients. Managerial accountants handle…

If your business invoices customers for goods or services after the goods or services have been delivered, you have to maintain accurate, timely accounts receivable accounting records to keep up with…

Accountants are often viewed by those outside of business as boring bean counters. While the field of accounting may not be overtly exciting, it does provide the trained accountant with many job…

Gift accounts are popular because they are useful even when the giver has no idea what the recipient wants. Gift accounts, including Visas, give freedom of choice because recipients can buy what they…

Business owners sometimes offer life insurance policies to employees as part of the insurance benefits provided through the company. The cost of the life insurance is usually significantly lower than…

Running a business requires an understanding of accounting, how much money your business earns and how much you need for expenses. Accountants work for businesses ranging from computer firms to…

Advanced accounting is an advanced level accounting course offered to college level accounting majors. Standard, sales-related topics include the methods and timing of revenue recognition and the…

If your business employs someone with a child support garnishment order, you are legally required to deduct the child support payment due from the employee's payroll checks and remit the payments to…

Value added tax (VAT) is a consumption tax that applies to goods and services. The tax is collected on the value added at each stage of the production and distribution of goods. VAT is also added at…

Private accounting jobs encompass a range of duties that fall under the umbrella of accounting and auditing, which mainly relate to the recording, analysis and communication of financial information.…

A successful career as an accountant requires education, training, certification and experience. Individuals, families and businesses trust you as an accountant to keep track of their finances, offer…

The right way for accountants, auditors and actuaries to quantify the assets and the liabilities of pension funds has been a matter of great controversy for a long time. Before 1985, companies in the…

The Federal Bureau of Investigation, FBI, serves as the federal law enforcement agency in matters in domestic crime. FBI special agents are professional law enforcement officials who specialize in…

Accountants analyze and verify financial documentation for corporate clients and individuals to ensure that records are accurate and taxes are paid on time. The Bureau of Labor Statistics (BLS) notes…

Budgeting activities help companies and individuals save money, expand their businesses and run financially healthy operations. As a business owner, understanding the basic concepts of accounting and…

Budget analyst accountants apply their accounting and financial analysis skills to the budgets of their organizations. Corporate analysts examine the budget to find ways to improve company operations…

Cash and accrual accounting procedures enable organizations to record and report their operating data. All organizations, including government agencies, nonprofits and businesses, rely on these…

An accounts assistant is also called a junior accountant, accountant trainee, accounting clerk or bookkeeper. An accountant trainee records corporate transactions and maintain financial accounts, such…

Sales and cash receipts drive the success of any business. The business needs sales to bring in money, build profits and fund future growth. Cash receipts follow the sale and represent payments made…

A flexible spending account is used to pay for medical expenses. This account is offered through employers as a part of a benefits package. Contributions to flexible spending accounts are made with…

Accounting offers a variety of career opportunities, such as public accountant, management accountant, government accountant and internal auditing. They help businesses run more efficiently, keep…

Accountants analyze financial information, budgets and tax information for individual clients and corporations. The accountant ensures records are kept accurately and tax documents are filed correctly…

Microsoft Accounting is Microsoft's accounting software for small business accounting. One of the integrated services is an online payroll system. Various payment plans make it easy for small…

Switching from one accounting software package to another, if done incorrectly, can result in many problems. First, accounting records can become inaccurate because of fields not mapped correctly to…

The generally accepted accounting principles (GAAP) is a set of guidelines governed by the Financial Accounting Standards Board (FASB). These guidelines inform businesses how to properly record…

Accounting and auditing firms face many types of financial, operating and scandal risks. Accounting firms handle the financial aspects of businesses and individuals. An auditing firm assigns employees…

The accounting cycle encompasses the period of time from the beginning of the accounting period before recording any transactions until the end of the accounting period when every transaction has been…

According to the U.S. Bureau of Labor Statistics, or BLS, accounts assistants and related occupations represented approximately 2.1 million jobs in 2008, and this number is expected to grow. An…

Businesses contract with outside companies to provide a variety of maintenance tasks on a regular basis. These outside companies include cleaning services, plant care and garbage disposal. These…

Franchising offers potential business owners an opportunity to start a business using a proven business model and reputable name. Franchisees purchase the business model and pay ongoing fees to the…

Certified Public Accountants, or CPAs, represent a subset of all accountants who achieve a higher standard within the profession. CPAs meet minimal standards above those required to become a standard…

The Employee Retirement Income Security Act was a federal law passed in 1974 that mandated minimum standards for pension and retirement plans held by individuals working for private employers. ERISA…

Businesses vary greatly in terms of their goals and the goods and services they provide, but every business deals with money. Accountants are financial professionals that keep track of money; many…

Running a bakery is a business venture that many people enjoy being a part of. Cakes, cookies and other baked goods make a delicious alternative to other jobs, and owning your own bakery gives bakers…

Reconciling the cash drawer is a critical procedure in any business. Microsoft Accounting has simplified the task and has provided more than one option to enable you to reconcile the cash and checks…

PayPal is a online payment system that allows you to send money to and receive money from anybody with an email address. Although PayPal does not offer an automated system that allows you to pay for a…

Understanding accounting concepts can help you become financially savvy and give you the tools necessary to evaluate a firm's economic health. Companies rely on accounting procedures to tell the rest…

Businesses often use discounts to reward customers for loyalty, large orders or prompt payment. When these transactions take place between wholesalers and retailers, or between manufacturers and…

While you don't have to pass the CPA exam to be an accountant, the designation of CPA is prestigious in the accounting profession, affording holders more opportunities for advancement and higher pay.…

Depreciation is often seen in financial reports prepared under the accrual method of accounting. Account setup for depreciation are a challenge because of calculations involved and the way they must…

Accounting knowledge is a valuable tool for those people wanting to own their own business or for those applying for management or high-level positions. In fact, anyone working in the world of…

Assisted living facilities are residential units for those unable to live on their own. Often considered a cross between a nursing home and independent living, they are typically not covered by…

Accounting software packages help businesses maintain their accounts and manage their inventories. These packages take a lot of the tedium out of these routine activities and are good management…

"Certified Public Accountant," or "CPA," is a legally protected title used by accountants in the United States who have reached a certain standard of professional qualification and experience. The…

Accounting firms are often hired to conduct independent audits of an organization's financial statements. The firm's auditing department is responsible for such audit engagements and carries out the…

Auditors and accountants work in different areas of accounting. They may look the same, have similar education and work on same items, but their jobs are different. Accountants process financial…

Accounting is a good profession for individuals with certain characteristics. Accountants often have bachelor's degrees and work in various industries, such as public companies, CPA firms, small…

Well into the 21st century, the question of safety and accountability continues to play an integral role in workplace environments. Indeed, it is an issue that has to be addressed both on the…

Accountants review financial accounts at the end of each month to determine if any transactions occurred and were not recorded. These typically include noncash transactions. The accountants record…

Accountants are responsible for preparing financial statements, including balance sheets, profit and loss statements, and other reports. A chief accountant, also known as a lead or senior accountant,…

Dividends are payments companies make on certain stocks. Paying dividends is a way a company shares its profits with stockholders. Dividends are typically first declared, then paid at a later date.

Documenting and accounting for your business's income is an important part of protecting it from fraud or theft, and that's especially true when a business receives a cash payment. Cash can be easily…

Voice over Internet Protocol (aka VoIP) is a technology that allows you to use your Internet as a phone line. This can save money, particularly on long distance phone calls. A reseller is someone who…

The small business owner often starts the business with few employees and manages the accounting work himself. Eventually the demands of the business require more of his attention and he realizes he…

Faced with a change in FASB regulations regarding financial disclosure, in complete effect for 2008 financial statements, employers that provide defined benefit pension plans for their employees must…

Accountants are financial professionals responsible for keeping accurate financial records for individuals, companies and other organizations. In addition to preparing these records, accountants may…

QuickBooks is business accounting software that can help you keep track of sales and expenses for your business. The software uses a series of unique account numbers to differentiate entries for…

A Deferred Compensation Account is an agreement where an employer pays out a portion of an employee's income in the future instead of when it is earned. According to the New York Times, usually the…

iStock Photo is an online stock photography provider. iStock licenses its photographs through either a pay-as-you-go plan or through subscriptions. Once you sign up for a plan or a subscription, you…

When military personnel are stationed overseas, you can ship packages to them via an APO account or address, which stands for Army Post Office. APO accounts are for all branches of the U.S. military,…

Whether you're a Certified Public Accountant feeling the tax-time crunch or just trying to balance your family budget, rely on the software in the Microsoft Office suite to aid in accounting. Even the…

For the most part, for-profit and nonprofit accounting are the same, as they both incorporate debits and credits, payroll and other regular business processes. The difference comes in a nonprofit's…

Basic accounting ideas determine the ways in which businesses and other organizations record revenues, operating expenses and profit. They also determine how much businesses pay in taxes, based on the…

Your Bell South account has not disappeared. As of March 2006, Bell South is owned by AT&T. As such, your account is now with AT&T, and can be accessed through their website. Accessing your account…

Accountants analyze financial information so that companies can be run profitably and efficiently. They prepare and analyze various financial documents for clients and may provide financial and…

A double entry accounting system uses journal entries to record a transaction. Each transaction has at least one debit and one credit. The main concept to remember is debts must always equal credits.…

An expense-account spreadsheet is important for employees who travel frequently or meet clients for work. It tracks business expenses and make sure staff is reimbursed for business-related spending.…

Linguists make their living in a variety of ways, but each boils down to the study, function and understanding of multiple languages. From working as private consultants to governmental agents,…

A smart and hard worker has half of what it takes to start a business. On top of the product or service offered, the founder may fill every need in a company: management, law and regulations,…

More and more companies are switching to automated clearing house (ACH) accounts to handle payments and other transactions. These accounts offer a faster, cheaper and more accurate method of…

Intuit offers QuickBooks service providers the opportunity to receive recognition as experts through its Certified ProAdvisor program. To achieve ProAdvisor certification, participants must apply for…

Hushmail is a free email service that anybody can use. It was established in 1999 and services millions of people all over the world. However, if you prefer to use another account to access your…

Accountants held 1.1 million jobs in the U.S., as of May 2009, with that number expected to increase 22 percent during the decade from 2008 through 2018, according to the U.S. Bureau of Labor…

Learning accounting is a worthwhile endeavor. Accounting skills are practical and can be put to good use. You could use your newly acquired skills in your own business or helping a client. Learning…

In modern economies, businesses engage in activities that are increasingly global in scope. The diversity of economic activities is an important item to which corporate leadership pays close…

Accountants --- particularly those licensed by professional organizations --- have a responsibility to maintain the interest of the general public in a company. Whistleblowing is the action taken when…

Payroll is often an intrinsic part of operating a business. Employees need to get paid; taxes and benefits should be considered and paid as well. Because payroll can be very complex and detailed,…

The job outlook in the accounting field continues to remain strong. According to the Bureau of Labor Statistics (BLS), the number of new jobs in the accounting field should increase by about 22…

A publicly listed company that does not pay dividends regularly to its shareholders is a dreaded investment scenario for financial-market participants. A firm that does not pay dividends may see its…

Free rent is a period of time in a lease where the lessee is not required to make rent payments to the lessor. This is also known as a rent holiday. Under U.S. generally accepted accounting…

Knowledge of accounting can help propel your career. Accounting represents one of the most important aspects of any business, entailing much more than credits and debits. Business managers use…

Interviewing for an accounting job requires a different approach than any other kind of job. An accountant needs to have an eye for detail and always be thinking of the way that expenses affect the…

The term G&A stands for "general and administrative." It refers to expenses within a business that are not related to sales or direct costs associated with projects. Firms receiving government funds…

Accountants use a mix of technical and soft skills throughout the course of the workday. Technical accounting skills are required for accurate recording of financial information and recommending…

Hedge accounting is a specialized type of accounting that regulations allow only for specific situations. Hedge accounting is tied directly to certain types of investments, especially complicated…

Computerized accounting offers many advantages over manual accounting. Accounting software is not that expensive and it is quite easy to learn and to use. Small and large businesses may purchase…

Limited liability companies, or LLCs, combine the benefits of being a single owner with the advantages of a corporation. Single owners make the decisions, oversee business operations and see their…

Simply Accounting is accounting support software by the Sage company. If you wish to upgrade your version of Simply Accounting, you can download the upgrade from the Sage website. The upgrades for…

Debt covenants are contractual agreements that must be followed to avoid penalties written into the debt covenant. Debt covenants can place restrictions on whether or not new debt can be incurred.…

The basic accounting equation is spelled out as assets equal liabilities plus owner's equity. When dividends are paid, the payment is made out of the equity account causing a decrease in the owner's…

There is a disagreement among retail accountants as to how to account for extended warranty contracts. The reason for the disagreement is that while the revenue for the warranty is received at the…

Accounting is an economic discipline that enables organizations to record operating activities and share with the rest of the world their business performance. Adequate accounting procedures allow top…

Nonprofits strive to increase support for their particular cause. They might provide labor assistance to further their mission or financial support. Their ultimate goal is not about making a profit…

Retail accounting is a form of accounting that lists all stock at its final retail price, rather than the actual price paid for stock. It can be a useful tool for detecting loss, damage or theft of…

Approximately 1.29 million people in the United States worked as accountants and auditors as of 2008, according to the U.S. Bureau of Labor Statistics (BLS). Professionals in the field of accounting…

Accounting rules are key tools that regulators and financial market players use to evaluate the economic soundness of companies. Without appropriate and uniform rules, investors may be unable to…

Many students study accounting while attending college. Business owners learn accounting as needed for their business. However, the process of learning accounting offers challenges for both students…

Accountants work in a variety of financial roles in businesses, universities, hospitals and government agencies. According to the Bureau of Labor Statistics (BLS), 24 percent of all accountants work…

Accounting tracks not only individual transactions but also the effect these transactions have on a company's overall financial strength. Companies requiring more than the very simplest picture…

Accounting systems and Enterprise Resource Planning (ERPs) can both track company expenditures and income. ERPs add another dimension when tracking expenditures and income when compared to standard…

Bookkeeping, auditing and accounting clerks play an important role in every business. They keep track of and verify vital records for their companies. Companies that overlook basic important…

German enterprise solutions provider SAP sells financial management software to large organizations, enabling clients to prepare accurate accounting reports in real time. SAP stands for "Systems,…

Accountants are responsible for gathering, analyzing and keeping financial records in order. Accountants work in all levels of government, with individuals and private industry, where increased…

Accounting can be defined as analyzing, recording, reporting, reviewing, verifying and interpreting all types of financial information. Accounting is a broad field and ranges from simple bookkeeping…

The Droid X phone by Motorola features a "Social Networking Application" that allows users to view all of their social networks in one place. With this widget, you can see updates from networks such…

GAAP stands for Generally Accepted Accounting Principles. It is a standardized system of definitions, procedures and best practices for the use of accountants in analyzing and reporting the financial…

Learning the basics of accounting and bookkeeping can be very rewarding because these skills are practical and marketable. Even if you don't want to be an accountant, the financial knowledge can help…

Accountants use a range of underlying concepts designed to ensure consistency when preparing company accounts. These include principles as to how accountants should treat the relevant financial data…

Consolidation in financial accounting is a technique that summarizes a group of companies' financial statements into one. This offers the benefit of viewing the whole group's financial information…

Accountants record every financial transaction within an organization using journal entries. Payroll accounting entries must be recorded when the employees are paid. Accountants must properly record…

The QuickBooks computer program by Intuit is used by many small businesses to track finances. QuickBooks permits users to enter a single transaction that creates a double-entry accounting effect.…

Accounting is often referred to as the language of business. It is the basis for all business record keeping. Numerous types of accounting exist, but they are all based upon the same basic accounting…

Limited liability companies, or LLCs, are a common type of business structure. LLCs are owned by members and each member has his own capital account.

A public accountant is a specially trained professional who prepares and ensures the integrity of financial reporting. According to the Bureau of Labor Statistics, public accountants work for…

If you are looking for a job in the accounting field, your potential employer will expect to see a resume that succinctly lists the qualifications and skills that make you the ideal candidate for the…

Accountants examine financial information and complete financial reports for clients or companies. These highly trained professionals apply advanced-level mathematics to analyze and maintain the…

A worksheet is an accounting tool used at the end of an accounting period to assist in a company's adjusting and closing entries. Closing entries are performed on all nominal, or temporary, accounts…

An account holder is a term used for someone designated for performing transactions on an account. This term is generally used in banking, but also applies to utility bills, credit cards and other…

Payroll is a very detailed and complex process to pay employees. There are legal ramifications that no business wants to deal with if payroll is done wrong or is delayed. Many firms use some form of…

Nonprofit accounting can be confusing for many people, including those with experience in other industries. For example, when someone says that a temporary net asset was released, it may be a mystery…

In modern-day economies, organizations draw up adequate sales and marketing strategies, both short and long-term, to attract customers and stay ahead of the competition. These strategies also ensure…

Prepaid insurance can be a complex process in accounting. Often, insurance is paid for more than one period, such as a two-year liability policy. According to the accrual method of accounting, the…

Companies will often keep copious amounts of records relating to tasks and jobs completed in their operations. An accounting file focuses mostly on the financial figure of jobs, although non-financial…

Although non-profit organizations and charities do not put away money as profit, they can still experience accounting issues. This is because the income of the organization must keep it running to…

Cash is a recognized method of accounting used by many small businesses. It's based on cash transactions and usually doesn't involve the recognition of accounts receivable and payable. On a cash…

In 2008, there were 1.3 million auditors and accountants in the United States. The U.S. Bureau of Labor Statistics expects that number to grow faster than average through 2018. Accountants and…

Accounting 101 or basic accounting deals with the basic concept of bookkeeping or recording transactions that occur on a daily basis. This involves all monetary transactions, such as money coming in…

Creative accounting, as it is known in England, or earnings management, as it is known, equally euphemistically, in the United States, is the practice of making a company appear more successful than…

Accounting administration benefits for payroll are usually standard inclusions on most financial reporting. Various types of benefits have different requirements for how and what must be reported.…

The basics of accounting involve three fundamental elements; assets, liabilities and equity. These elements make up the basis for financial reports such as balance sheets, ledgers, and other means…

In modern-day corporate management procedures, top leadership pays attention to strategies, approaches and tools that department heads use to allocate asset costs at the end of each month and quarter.…

Accounting in the United States is governed by Generally Accepted Accounting Principles or GAAP. GAAP represents objectives and conventions that have evolved over time to govern how financial…

A significant task in the accounting profession is auditing and fraud protection. Auditors will review a company's financial statements to ensure all information is accurate and valid, with…

Accountants play a critical role in the life of corporations by communicating the financial health of the organization and ensuring fiscal responsibility. Accountants in Austin, Texas, garnered an…

Corporate debts are the lifeblood of modern-day capitalism, providing organizations with the economic fuel and liquidity levels necessary to fund operating activities, engage in corporate expansion…

Accumulated depreciation is an accounting classification that reduces the value of certain depreciable asset categories. As a result, accumulated depreciation is termed a contra-asset. These balance…

If you are a business owner or consumer you will need to sign a corporate account agreement at some point. For example, business owners may need to sign a corporate account agreement for a merchant…

In principle, accounting is as simple as listing transactions to keep track of money going into and out of a company so that both the owners and potential investors can assess the company's financial…

Depreciation is a business method that enables organizations to spread the cost of fixed assets over several years. Fixed assets, also known as long-term or tangible assets, are economic resources…

A partnership deed, or partnership agreement, is created when a partnership business is formed. It is a legal document detailing terms of the agreement, duties, obligations and rights of partners.

Account Control Agreements are used with securities accounts for establishing a security interest. It is designed to meet the Uniform Commercial Code (UCC) requirements. It is used for perfecting a…

A Simplified Employee Pension (SEP) plan is essentially a fancy individual retirement arrangement (IRA) that allows small employers to sponsor a retirement plan for their employees that is easy to…

Many firms close their books at month-end so that management can review financial reports and make decisions based on them. When a company uses the accrual basis of accounting, the month-end process…

Although, for the most part, two different companies cannot show separate balances for the same original debt, a limited exception to this principle does occur. However, this practice is less common…

Dividends are asset distributions made by a corporation to the shareholder owners of the corporation. Dividends may take several forms: payments of cash, distribution of additional equity shares,…

The accounting and auditing requirements for Indiana public schools falls under the supervision of the state's executive branch. The State Board of Accounts has the responsibility to audit the…

Accounting is an important part of all corporate management procedures. It is needed to show how successful a company has been over the course of the year as well as to make future plans for budgets…

Accounting treatment for capital expenditures can be difficult, involving many accounts and journal entries. Once an item is capitalized, it is kept separately from other expenses in the accounting…

Accountants handle financial records, paying taxes according to law and preparing reports that help clients assess their monetary status. They may work for individuals, corporations or government…

Accurate accounting has been enhanced by the use of computers. As computers have evolved, so has the application of accounting. In addition to accurate aggregations of numbers, enhancements in…

Accounting for capital expenditures can be difficult because of the details and technical issues involved. Capital expenses are usually related to large purchases, such as real estate and heavy…

Professional accountants provide financial services for individuals and businesses. Accountants provide some very essential information relating to finances. Before hiring an accountant, people…

Accounting is a somewhat technical process that companies use to record the financial information from their company. While accounting is several centuries old, the use of computers and creation of…

RA stands for "revenue account" from an accounting perspective in business. This term is used by most businesses in the United States, while in the UK the more common term is profit and loss account.…

The basic accounting equation helps us to determine the true state of a company's financial situation. This accounting equation is expressed as Assets = Liabilities + Owner's Equity.

Running a successful bakery requires you to utilize an accounting system. According to Find Law, small businesses are required by the Internal Revenue Service to use the accrual method of accounting.…

How can a headhunter help you get more accounting clients? They will find the best possible executives for your company, and when you hire ideal executives, your reputation and efficiency will grow…

The term "account services" relates to the different ways companies manage information generated through business operations. Accounts are wide ranging in business and may include departments such as…

The basic requirement of government accounting is fund accounting. Because local, state and federal governments carry out such a wide variety of operations, it's impossible to account for all…

Corporations issue bonds to finance company growth. The bond is a promise to the bondholder to make regular interest payments over the life of the bond and to pay back the face value of the bond at…

Nonprofit accounting guides can help nonprofits in their daily tasks and in compiling reports. Many organizations are staffed by volunteers with not much experience, and guides can help out with the…

Accounting is a business function that can help companies track their financial information. Business owners and managers often use computerized accounting systems to help maintain their business…

The United Kingdom Companies Act 2006 sets out the rules and regulations relating to the filing of accounts at a Companies House. All UK companies, whatever their size and status (public or private),…

One peculiar aspect of the insurance industry is the great lapse of time between the revenues on the one hand and the related expenses on the other--in other words, between the receipt of premiums…

Social accounting is a financial measurement method that assesses a corporation's responsibility to the environment outside of its traditional marketplace. This method is quite different than…

According to the U.S. Department of Labor, people in charge of choosing a good 401(k) brokerage account provider for their company are required use fiduciary responsibility. Although many people…

Accounting tutorial programs can be very useful if you want to learn the basics of accounting. Tutorials can be inexpensive or free. Some accounting programs offer tutorials when you purchase them.…

Demat and trading accounts refer to accounts used with online stock trading. They are both necessary accounts and are used in conjunction with one another.

Learning computerized accounting is practical, but not easy. Once you have learned one popular system, such as Intuit's QuickBooks, you may become quite marketable. Software helps accounting…

A scrip dividend occurs when a company has the capability to pay dividends from retained earnings, but at the current time does not have enough money on hand to pay the dividends. This is usually…

Par value is a term used when referring to a stated value of a stock. Par value does not necessarily correlate with the stock's actual value. Stocks are sold at the value they are worth, not the par…

At the end of the year, business owners should review the accounting general ledger to determine items that need to be written off prior to closing the accounting year. The process required to write…

The accurate computing and recording of payroll is one of the most important aspects of running a business. Even small businesses are required to abide by a host of federal, state and local rules and…

Accounting is a business function where owners and managers record, report and analyze individual financial transactions. Accounting principles are the guidelines or standards a company uses when…

Financial statements display all revenue and expenses related to a certain period in one column. Vertical analysis involves comparing figures within that column, as opposed to horizontal analysis,…

Traditional graduates of accounting programs needed little more than a propensity for numbers to succeed in their chosen profession. The field of accounting has evolved with changes in technology and…

Computerized accounting involves the use of computer hardware and software in a company's accounting systems. Many companies use computerized accounting to enhance their accounting functions and…

Business technology is a transformative tool in the business environment, especially for accounting firms and departments. Accounting software application and packages allow companies to replace paper…

Trading accounts and manufacturing accounts are two very different accounts but are used together in manufacturing companies. The balance from a manufacturing account is used to calculate the balance…

Responsibility accounting is the practice of dividing large organizations into segments to perform specific responsibilities. Transfer pricing is a procedure used by companies to reduce costs of goods…

In accounting, when an asset loses value the asset becomes impaired. The accountant must write down the asset to the impairment value, which reports the actual value of the asset. If the accountant…

Trading accounts are used by companies to determine gross profit for a business; while a manufacturing account is used to calculate costs of manufacturing. These two accounts are used together in…

A bank providing mortgage loans must establish adequate and functional credit-risk management systems to prevent operating losses resulting from borrowers' defaults. Effective accounting procedures…

Consolidation accounting and reporting procedures help a company present the activities of its subsidiaries in a single set of financial reports. Consolidated financial statements present a more…

Almost every company and organization does computerized accounting in some way. Companies can choose from among several options in accounting programs. Some are easy to use, while others are more…

ESOP stands for employee stock ownership plans. Most of the time, employees buying into this program are buying the corporation's stock where they are employed.

If your business receives insurance proceeds due to a loss claim, you need to properly account for the insurance proceeds on your accounting general ledger. Because insurance claims are usually…

Accounting is a procedure used by all types of businesses. Accounting is the recording of a business's financial information in an organized manner. Accounting is done by following certain procedures…

Accidents can occur in almost any place: institutions of learning, places of work such as offices or entertainment venues. Both individuals and companies have a duty to report any accident they might…

Accounting for foreign currency transactions has two sections. The first section is recording the original transactions. The second section is recording when the company pays or receives the money in…

The focus for students of payroll accountants is to understand how money and assets travel throughout a company. Like bookkeepers, payroll accountants must follow this path. These professionals record…

General accounting includes basic skills such as balancing a financial report sheet. There are four basic types of accounting reports required for general accounting. Anybody preparing an accounting…

While PayPal does not have separate donation accounts, it does allow users with two types of accounts---Premier and Business---to create donation buttons for their website. With a donation button,…

An accounting worksheet is something a business uses to close out its books at the end of a year. The worksheet starts with balances of all the accounts a business has; the balances are adjusted if…

Franchises have special accounting concepts. The main concept a franchise must worry about is accounting for franchise fees. Franchise fees are fees a franchisee pays a franchisor for the rights to…

Computerized accounting is another term for accounting software, programs or applications companies use to electronically record, report and analyze financial information. These systems use the basic…

Certain businesses must find a way to get their soiled uniforms, linens and clothing cleaned on a regular basis. Instead of purchasing washers and dryers and devoting resources and money to a cleaning…

Accounting is a process companies use to record, report and analyze financial information. This information plays an important role in the efficient market theory, which studies the response of prices…

Manufacturing companies use accounting to track their financial information. Cost accounting is one part of accounting used by manufacturing companies to calculate cost of goods produced.

Enterprise resource planning (ERP) is software used by businesses that combines all parts of the business into one program. There are several different options in ERP programs, but all are relatively…

Presentations are the most important aspect of obtaining funding, marketing or selling clothing designs to major clothing companies. Whether the designs are meant for high fashion or consumer…

Cash management is an accounting function that deals with all transactions involving a company's cash resources. Wire transfers are a common form of cash transactions. Companies rely on banks to…

Dividends are often paid to stockholders based on stock performance or agreement. Entries in the company's books record the dividends.

When businesses pay insurance premiums, the payment typically covers a one-year period. In order to keep the accounting records accurate, several journal entries are required for insurance premiums.

A company engages in borrowing activities to fund operating activities in the short term and long term. Sources of financing include private loans, common stock, bonds and convertible debentures or…

Accounting rules require a company to review its operating data periodically and ensure that loans and customer receivable amounts are accurate. These rules include generally accepted accounting…

A nominal account is a temporary account used to keep track of amounts in various accounts for a period of usually one year. The accounts are closed at the end of a period.

A firm's senior management establishes computerized automated accounting to improve financial accounting and reporting procedures. They also implement such procedures to ensure that financial…

Accounting entries help a firm record operating transactions in the short and long term. These entries are critical for a company because they provide data to accountants for financial statement…

Accounting procedures and rules help private equity firms report accurate financial data at the end of each quarter or year. These procedures must conform to generally accepted accounting principles…

Methylene diphenyl isocyanate (MDI) is a chemical used primarily to manufacture polyurethane foam used in a variety of products and industrial applications. Particle board, a big part of new-home…

Fixed assets, also called long-term assets, represent large portions of corporate balance sheets. Senior executives ensure that accountants depreciate fixed assets in accordance with generally…

Mutual fund accounting and reporting procedures help firms record accurate and complete financial data. Absent adequate procedures, the Securities and Exchange Commission may fine or bring litigation…

Accounting methods have been used since before the advent of writing. Ancient record-keeping was accomplished with small objects that represented various types of wealth, such as clay formed into…

Accounting in the contemporary sense of the world began in the 15th century, among the city states of Italy, with the "double entry" system, which proved useful in identifying and correcting errors.…

In accounting parlance, a promissory note is also referred to as an account payable. It is a contract in which one party agrees to make a payment to another party at a given point in time.

Accounting regulations and insurance statutory principles require a corporation to record insurance settlements at market or fair values. These regulations include generally accepted accounting…

Traditional accounting methods, such as keeping a handwritten record of finances, are effective but also prone to human error and inefficiency. For many reasons, it is now standard practice for most…

A chartered accountant, otherwise known as a certified public accountant (CPA), applies accounting acumen and financial expertise to help a company record operating activities. She also prepares…

A partnership is a type of business structure that has two or more owners. Accounting for any business structure has standard rules and procedures that are followed; however, every business structure…

Companies must account for lawsuit settlements when a loss is reasonably probable and the amount of the loss is reasonably estimated. If the lawsuit is not reasonably probable or the amount of the…

In accounting, depreciation is the decrease in the value of a capital asset over time. The asset's book value decreases from its original buying price to its overall residual value which will be…

A statement of account, also called an account statement or bank statement, is a document that is issued to a customer listing all transactions undertaken over a specified period of time. Statement of…

The Sarbanes-Oxley Act is a financial regulation bill passed in 2002 after major accounting scandals at companies including Enron and Tyco. This act requires much more documentation from public…

Accounting is the business function responsible for recording, reporting and analyzing a company's financial information. Several forms of accounting exist in the business environment. Each form of…

Accounting tracks financial information that businesses use for various purposes, including taxes, financial statements and budgeting. Accounting has both internal and external functions. Good…

An accounting intern performs various duties, depending on the company's size, the industry, regulatory requirements and corporate staffing needs. An accounting intern is generally a college junior or…

The proliferation of computers beginning in the 1990s has had a profound effect on the way people conduct business. Accounting is no exception in this regard. The spread of computers and the…

An accounting internship helps a future professional understand tools and techniques that a corporation applies to record transactions and issue financial reports. Accounting internships are generally…

When a company buys a car, they must properly account for it. This requires recording it as an asset and the cost associated with the car. Then, as with all assets, the company must depreciate the…

Online small business accounting resources are a great tool for learning the basics about accounting. Accounting encompasses bookkeeping, taxes and financial planning. Some online accounting resources…

Accounting, usually seen as back-office operations, helps businesses measure profits and effectiveness of operations. Accounting functions involves recording, calculation, and classification of data.…

One of the most common forms of debt in accounting is notes payable. No matter what type of debt the company has, the same general principles apply for accounting for the debt. The debt has two forms…

A statement of account is an important tool for investors, regulators, suppliers or lenders for following a company's financial activities. An account statement is similar to a firm's income statement…

Municipal bond markets are pivotal elements in securities exchanges because local governments, such as states, cities, municipalities, counties and townships, typically engage in financial market…

Consumer accounts are a common method used in the business environment when recording financial information. These accounts often include information for individual customers or business clients,…

Extinguished debt occurs when a company that a borrower owes money to decides to wipe the account clean and take a loss on the amount owed. When debt is extinguished, the borrower must account for…

Depreciation expense is taken annually to recognize the cost of an asset as the company uses the asset. Depreciation expense is on the income statement. It reduces the company's income for the year.…

Accountants typically treat mortgages as long-term debt when preparing financial reports. Accounting for mortgages is a business practice that allows an investor, a corporation or a property owner to…

Bookkeeping and payroll accounting employees play an important role in a corporation's financial accounting and reporting system because they help record transactions in accordance with regulatory…

From books to music CDs and movies, Alibris is an online seller of print and electronic media. The website even sells textbooks, rare novels and manuscripts. Before purchasing items, you must create…

Double-entry accounting involves the crediting of one person’s account and the equal debiting of another person’s account. It is fundamental to even the most complicated economic…

In accounting, double-entry refers to the system in which each transaction is recorded in at least two accounts: one account is debited and the other account is credited. It complies with the basic…

Nominal accounts are temporary accounts used in the accounting process. They are accounts used to track amounts for a period; and when the period is over, these accounts return to a zero balance.…

Business combinations are when a company takes another company's financial statement and brings it together with its own. Consolidations allow companies to disclose all of their financial information…

Tally accounting is a software program and type of accounting that can be learned by anyone willing to pay the cost in materials, classes or similar charges and the time needed for proper study. The…

Accounting is an ancient discipline dating back approximately 10,000 years. The accumulation of wealth required methods to keep inventories. The use of money, banking, and credit were important…

Any business that extends credit to customers, or that bills for products and services after completing the order, runs the risk of non-payment on accounts. Businesses that maintain their books using…

Sometimes a company may not be able to repay a loan. When this occurs, the lender might allow the borrower to restructure the debt by providing an asset or equity in exchange for forgiveness of some…

When a company owns another company, or subsidiary, it must adjust and combine information from the financial statements of both companies in order to prepare consolidated financial statements that…

When you are going about the day-to-day business of using QuickBooks, sometimes there will be a mistake made when creating accounts. Every account in your company file is located in the Chart of…

Accounting is the method of organizing the financial information of an entity. It's a set of rules that cover every financial situation so that anyone with the skills to read a set of accounting books…

Using QuickBooks Pro 2008 for Accounting is simple. QuickBooks Pro 2008 is an accounting-based software and is built to merge all your business transactions into the financial statements. When you set…

In futures trading, an omnibus account is an arrangement between two brokerage firms in which multiple individual accounts of the first firm are clustered together to form a single account at the…

Adding a personal account to QuickBooks Pro 2008 is done using a general ledger account. You add a general ledger account to track your personal expenses, keeping these separate from your business.…

Many times professionals need to make presentations, including those related to accounting. Presentations can be about budgets, actual versus budget reports, accounting processes, policies and…

Bank deposits are a normal part of everyday operations for most businesses and should be recorded in the accounting general ledger immediately after deposited with the bank so that the general ledger…

Capital improvements are improvements made to real property, such as an office building, that extend the useful life of the object for more than 1 year. The Internal Revenue Service sets forth…

Lean manufacturing is a business management tool that focuses on reducing waste from production processes. Lean accounting is an offshoot of lean manufacturing that seeks to eliminate waste from a…

A balance in an account relates to financial concerns. A balance is the end-result of transactions increasing and decreasing an amount. Balance is the "left-over" after transactions are done. You may…

Accounts go overdue on their bills for a number of reasons: cash flow, personal circumstances, internal accounting errors, et cetera. Accounts that go overdue do not necessary do so purposely. Most…

When you no longer need or want an Internet service, email account or other account, you can close and delete the account to prevent others from hacking into and accessing the service or account. Each…

An accounting worksheet is a tool that businesses use to balance and close out their books at the end of a period. An accounting worksheet lists all the balances of each account a business has, with…

Accounting transactions are always recorded using debits and credits. The debits and credits allow bookkeepers to keep the books balanced out and they must always equal each other. Debits refer to the…

An accountant's copy of a QuickBooks file allows a business to send the file to their accountant to be worked on while they are still using the QuickBooks file. Sometimes, it is necessary to convert…

Certain retirement plans have seen a dramatic increase in "freezing assets." Freezing a retirement plan isn't where the federal government swoops in and stops all activity based on court orders.…

Church accounting is usually different than the traditional method of accounting used in for-profit businesses. Many churches have copious amounts of cash or checks that run through their accounting…

Using Twitter can help you create a professional online presence for your business or career. Through Twitter, you will be able to reach people and businesses you never thought possible. You can…

Accounting is the process of recording and reporting important business and financial information. Not only does accounting cover the basic everyday transactions from business operations, but also the…

As computer prices go down, the popularity of accounting programs go up. Many accounting systems are also affordable and even free, as of 2010. They are also easy to use and can be purchased as CDs,…

Accountants often use worksheets as a preliminary step to preparing the financial statements and consolidating a great deal of information. The worksheet is a tool for creating a trial balance and an…

Accounting numbers may be confusing to a lot of people, kind of scary. However, accounting is the language of business and its numbers are relevant to convey financial information. Learning how to…

An accounting worksheet is a ledger sheet that lists all the balances of each account a business has on a certain date. An accounting worksheet is done at the end of an accounting period, and it is…

A legal accounting supervisor is any accountant with some training in law. Many legal accounting supervisors possess degrees in both accounting and law. A legal accounting superviser typically makes a…

Many basic accounting rules and conventions apply to categorizing accounts identically for all businesses. At times, other account titles or categories might be industry- or company-specific. Most of…

In accounting, the money coming into the business must match the money going out of the business. This doesn't always happen. Sometimes, prepayments, deposits or similar arrangements cause funds to…

To raise capital, a company may either sell stock or finance through debt. There are two main types of stock, preferred and common stock. Preferred stock usually pays higher dividends than common…

A balance of account trade represents the variance between a countries imports and exports. When a country is importing more goods and services from other countries than they are exporting they have a…

Payroll accounting is the accounting that is done when an employer pays his employees. The amount of income each employee earns, called gross income, is totaled, and taxes and other deductions are…

Most companies use fixed assets in the course of their business. Fixed assets are large-ticket items that are useful over a several-year period. Because of the high dollar value to acquire these…

Firms buy stock in other companies as either an investment or to fulfill a strategic positioning. For example, a computer manufacturing firm may buy ownership in a hard drive manufacturer for…

Sales can occur with customers paying cash or with credit. Whether a customer buys merchandise with cash or credit, the business needs to determine if the sale should be recognized at the time of sale…

Even a small business can benefit from computerized accounting. While the switch from paper to computers requires an initial transition phase, it could soon pay off in recovered errors and…

No matter how large or small the organization, all businesses need to work at having impeccable accounting records. The problem is not every businessperson has the skill or desire to achieve such a…

If you have worked in a school, church or government office, you have probably heard the term fund accounting. This method of accounting is chosen by most nonprofit organizations. It is required for…

Junior account executives work in a wide array of industries. They may manage sales, customer service, or even human resources accounts. While the salaries for junior account executives tend to vary,…

Patents give the creator or inventor exclusive rights to manufacture and sell new products or inventions covered under that particular patent. You may acquire a patent by purchasing the patent from…

Reversing entries are a way to keep track of expenses or revenues at the end of periods. Adjusting entries first account for any expenses or revenues accrued but not paid for that period. This gives…

Nominal accounts are accounts that are zeroed out at each closing period. Each time the accounts are closed, the account reverts back to zero to start the next period. While closing the account, any…

A partnership is a business entity with two or more owners joined to do business together. Partnerships require different accounting procedures for formation, withdrawal, profits and losses, and…

Lean accounting is a process similar to lean manufacturing. It transforms the accounting office with two major concepts: eliminating waste and errors and motivating accountants to become change…

The accounting industry plays an integral part in today's business world. While many companies employ accountants to directly record and report financial information, public accounting firms offer…

Depreciation expense is the way in which accountants write off the wear and tear of an asset over its useful life. Accumulated depreciation is the account that tracks the cumulative amount of the…

Maybe you've just completed a basic accounting course, and your instructor is testing you on your grasp of fundamental concepts. Or maybe you've applied for a job, competition is fierce and your…

Research conducted by comScore, an Internet research organization, and reported by Search Engine Watch, shows that Twitter's growth in early 2009 was explosive. Between December 2008 and February…

Except for some differences in terminology, the system of accounting for an LLC is much like that of more familiar business structures. The LLC business structure is relatively simple and no harder to…

QuickBooks Premier is one of the most flexible and versatile accounting software packages for small businesses. The only version that may outperform the Premiere is the Accountant version.

If you're a business owner and have equipment you no longer need, a silent auction for charity is an ideal way to ensure the monies earned go to a good cause. Assets of a business are usually subject…

Accounting payroll reports provide your business with concise, easy to read summaries of payroll activity. They are useful for accessing information about total payroll activity, individual employee…

Many services require deposits on bottles or other rentable containers that are refunded when you return the container to the rental store. Because a bottle deposit is a refundable item, it is not an…

The use of estimates is an integral part of the accounting process. Estimates are needed because of inherent uncertainties in business activities. Some examples of estimates include allowance for…

Monthly reconciliation of balance sheet accounts is the only way to ensure that the financial data for a company is properly recorded on the accounting books. Balance sheet account reconciliation…

Companies that are publicly held sometimes pay dividends to shareholders based on earnings for the past quarter or year. The amount of dividends paid is usually determined by the board of directors…

Sometimes events may arise in your personal life that make it necessary for you to obtain a cash loan. If you are a partner in a business and the business is doing well, obtaining a loan from the…

The financial activity of a business is posted to the accounting system through journal entries. Because accounting is a dual-entry system, for every increase or decrease to a balance sheet general…

Accounting software programs have greatly increased the productivity of back offices for the past several decades. These programs provide better financial information recording, more accurate…

Switching from manual to computerized accounting is a step-by-step process that can be accomplished easily and efficiently. If it is the end of the fiscal year, you can start with the beginning of the…

When a business accumulates a decent amount of operating capital, the business owners may choose to deposit the extra funds in a certificate of deposit in order to gain higher interest rates on the…

GAAP stands for generally accepted accounting principles. When your company's accounting guidelines are set up to comply with GAAP, your accounting is being performed correctly.

The accounting industry uses a double-entry style accounting system consisting of debits and credits. These debits and credits create a self-balancing check system, ensuring that companies' financial…

Accrual accounting and cash basis accounting are the two most common accounting methods used by U.S. companies. Accrual accounting records transactions as they occur; cash basis accounting records…

Accountants and auditors monitor transaction and tax records of firms to ensure that they are run correctly and efficiently. According to the U.S. Department of Labor, approximately 1.3 million jobs…

Adjusting entries are used in accounting to prepare general ledger (GL) accounts for month- or year-end accounting reports. The accrual accounting method, the most popular accounting method in the…

Etsy.com is a website marketplace where crafters can set up online shops and sell their handmade, vintage, or craft supplies products. Etsy features various homemade crafts ranging from knitted hats…

Technology has greatly improved the accounting industry over the past several decades. As personal computers have become standard office equipment, companies have utilized accounting software as…

Generally Accepted Accounting Principles (GAAP) is the authoritative accounting principles for the private sector. Statutory Accounting Principles (SAP) are accounting regulations issued by the…

It can be frustrating when you receive an email from someone you do not know. There are times when you simply do not recognize the email of a friend or colleague. There are also times when you receive…

Accounting is governed by one of two governing bodies: the International Accounting Standards Board (IASB) or the Financial Accounting Standards Board (FASB). FASB covers all accounting in the U.S.…

EBay is an international online community where sellers sell products by creating auctions for the items they are selling. EBay buyers, on the other hand, can view a wide array of products at…

A Quickbooks account is a log in with Intuit, the company that owns Quickbooks products. This is not to be confused with an account in the chart of accounts in your bookkeeping. You will need a…

When it comes to higher education, college students choose majors that will give them employable skills in a difficult market. They are also interested in attending the best schools in their fields to…

Manual accounting requires that all journal entries, invoices and other financial documents be created by hand. Computerized accounting allows users to input information into accounting software…

When an individual or group is in the wholesaling business, they are selling goods in quantity at a lower price for resale by retailers. You might have heard about others selling online and offline…

The Financial Accounting Standards Board sets forth rules and regulations for how businesses must account for their business operations and other business interests. If a business owns or shares an…

Many new entrepreneurs are happy to start their own businesses. Some are glad because they avoid the normal eight to five rush and traffic. Others because they get to be in charge and manage things…

The accounting rules involving foreign exchange differences and derivative instruments can be very complex. The Statements of Financial Accounting Standards (FAS) 52, 133 and 138 all must be…

Accountants in Canada may have designations that offer a variety of specialties that offer expertise in a variety of different areas of accounting. Each discipline has its adherents and can provide…

Companies that engage in accounts payable (A/P) and accounts receivable (A/R) transactions will usually require a statement of account for properly recording these financial transactions. These…

If you're not in the accounting profession, you may only know the biggies: PricewaterhouseCoopers, Deliotte Touche Tohmatsu, Ernst & Young and KPMG, but there are hundreds of public accounting firms…

Accounting is the process business use to record and present financial transaction to internal and external users. All financial information must be balanced in a company; this is done using the basic…

Have you ever wondered how QuickBooks performs your accounting? QuickBooks software provides an interface that allows you to use forms such as checks, deposit slips and invoices, making the accounting…

Accurate accounting records are essential for maintaining the proper financial records of a company. Following generally accepting accounting principles allows financial records to be reviewed easily…

When business owners or individuals try to manage their finances, they may feel intimidated or overwhelmed and believe they have to use a professional or certain types of software for the most basic…

Accounting is a career that helps ensure businesses are run efficiently by keeping financial records accurate. Most jobs in the accounting field require a minimum of a bachelor's degree in business or…

Accounting is the method of tracking money transactions in business or for personal use. It monitors income, expenses and assets. An accountant can have a job as simple as a bookkeeper running a…

Investing and saving for retirement are major concerns for most of us. Fortunately, the federal government recognizes several types of individual and employer-provided tax deferred retirement plans.…

From new flooring to paint, the cost of preparing a leased building for opening day can be high. It would appear that you are fixing up the building for the property owner. However, these purchases…

A lockbox account is a type of commercial or transaction account at a bank. There are different kinds of lockbox accounts, but they are all essentially holding accounts where money is collected from…

The accounting cycle is a set of processes taken each month in order to properly account for the financial data of a business. Skipping steps in the accounting cycle can leave a business open for…

Business owners often lack the education and experience to handle all of their business accounting needs. Hiring an accounting practice to assist with the accounting functions of the business is a…

Accountancy is the term given to the profession or practice of accounting. Accounting is the art of measuring, describing and interpreting economic activity. According to Meigs & Meigs, accounting…

QuickBooks provides business owners and managers with flexible accounting software. One of features QuickBooks has allows you to create an accountant's copy. This copy allows your accountant to make…

Accounting is the language of business. It is the basis for communicating information about the performance and condition of a business via financial documents and reports. It is also used to…

Suspense accounts are temporary holding accounts for financial information on the general ledger. They are used to book large entries quickly or hold certain items that will be broken down at a later…

There are many benefits to understanding basic accounting concepts. Understanding accounting will help you become a better, savvier investor. You will have a better idea of what it takes to run a…

Payroll accounting is a large function of most businesses and contains very confidential information, such as personal employee information and pay rates. Most companies have dedicated accountants to…

Equity accounting is a method used by companies to record the undistributed profits earned by their investments in other companies. The income earned from the investment is reported on the investing…

Basic accounting involves taking daily financial transactions and properly classifying them, summarizing them and presenting them in a manner that represents a realistic picture of an entity's…

GAAP--"generally accepted accounting principles"--are a common set of accounting rules, standards and procedures. They are used to prepare, present and report financial statements for publicly traded…

Accounting has been around in one form or another since the beginning of organized trade and business. Accounting is the foundation to intelligent business management and managerial decision making.…

An income and expenditure account lists a company's sales and expenses during a period of time. A tally of this account measures a company's net income. Some income and expenditure accounts are…

Payroll clearing accounts are a beneficial way for companies to manage their payroll process. Large companies can automate their payroll check process using a PCA and direct deposit, allowing less…

Accountants work for individuals, businesses, nonprofit entities or government agencies. Most accountants have a bachelor's degree in accounting, but many have degrees in finance, economics,…

Arthur Andersen LLP was the largest Big Five public accounting firm, providing audit, tax and consulting services in 84 countries. The firm dissolved because of legal issues arising from a series of…

The accounting cycle is a sequence of steps that occur in order over an established period of time. The time frame is usually one month in duration; therefore, there are 12 accounting cycles per year.…

Every business activity can be traced to specific accounting cycles. These cycles are critical when analyzing businesses individually and as part of a larger industry. Identifying these cycle and the…

A factoring account is a businesses agreement between a company and a factoring agency. Accounts receivable factoring is a form of financing where a business sells its accounts receivable to another…

An accounting cycle is a series of steps that happen over a predetermined period of time. Each period begins and ends with the same steps in the process. An accounting cycle usually happens on a…

The basic accounting theories are the basis and fundamental ideas, or assumptions, underlying the practice of financial accounting. These theories are a set of broad rules for all accounting…

The role of an accountant in a firm's operations can be as simple as data entry or as complex as a tax law compliance officer. The accountant is ultimately responsible for the accuracy and…

Accounting firms come in all sizes and specialties. Some have annual revenues reaching into the billions while others bring in less than $1 million. Several accounting firms have more than100,000…

There are several different types of accounting firms in the United States. Accounting firms can be classified in several ways such as: the number of staff employees, the number of offices, revenues,…

The purpose of accounting is to properly present financial information that is to be used by interested parties in forming intelligent economic decisions about the success and usefulness of company…

The accounting cycle, also known as the "bookkeeping cycle," accounts for the expenses and profits of a business. It starts with a transaction and ends when the financial books are closed at the end…

Uploading music to a Reverbnation.com account is an easy process that allows others to listen and rank it. Learn tips on how to get music on a band page in this free video clip.

Uploading pictures to a Reverbnation.com account is an easy process that allows others to listen and rank it. Learn tips on how to get pictures on a band page in this free video clip.

Private accountants perform many of the customary functions as any other type of accountant. However, their duties do differ somewhat from those of the other typical types of accounting: public and…

When trying to manage a budget in your business, it can be confusing on what you should post in your account records. A good rule of thumb is that you can never have too much information, but you can…

If you are going to do business under a name other than your own or your registered company name, you must do so with a DBA account. Understanding DBA registration and the bank accounts that go with…

Strong accounting is one of the most vital aspects of a successful business. If the accounting is solid, the management, advertising and selling areas of the business can adjust accordingly. If you…

Linking your eBay seller account to your personal Facebook account is a good way to drive more traffic to your listings. When link these two services your eBay listings will automatically be added to…

Accounting is a crucial discipline for keeping track of quantifiable factors for a business or individual. Accountants are primarily employed to track the flow of money through an organization. In…

Anybody could sell a product, or perform a service, and make money for it. Without an accounting method, a person doesn't know if he is making or losing money. Accounting also forces people to know…

Day traders and first-time investors know that a good online trading account can be hard to find. Every financial firm uses generous start-up incentives such as reduced costs for broker assistance and…

The recent economic downturn along with notable controversies at Enron and Arthur Andersen have increased public interest in the history of the business world. While stock market trends may be a more…

Accounting audits are performed to identify potential risks associated with reporting financial data within certain departments or for an organization as a whole. Auditors are hired to deliver a…

When you want to buy or sell shares of stock and other securities, you normally have to do so through a brokerage firm. A cash account is the basic type of brokerage account for this purpose. There's…

Every parent or organizational leader has had to deal with managing a financial account of some sort. Whether it was a personal savings account, business checking account or bill for services…

For those of you out there whom have enrolled with Melaleuca & have found that it is not everything you thought it would be, & would like to know how to resign properly so that you no longer…

Accounting is the system of recording, classifying and summarizing financial information in such a way that users of the information can make economic decisions based upon it. Accounting began as a…

Small businesses, contract workers, and account holders set up and use transaction accounts for the daily business transactions of a business or venture. Like a business or individual checking…

A brokerage account is the traditional means individuals use to purchase stocks, bonds and other securities. Some companies now allow people to buy common stock directly through direct stock purchase…

Investigative accounting is also known as forensic accounting. The word "forensic" means "belonging to, used in or suitable in courts of judicature or to public discussion and debate." So, that would…

Trading currencies online requires opening an account with a forex broker, learning the trading platform they use and depositing money for your trades. You can find examples of currency trading…

Managing finances, in both the public and private sectors of society, is supported by the services of general accountancy. Accountants manage the record-keeping of the earnings and expenses of their…

The definition of science includes attaining knowledge through study, practice, investigation, and careful observation. This includes having gained knowledge of general truths about the laws of…

PayPal is one of the largest, most popular and widely recognized online payment platforms on the web. A newly opened PayPal account is automatically given an initial limit to how much can be sent.…

The American Institute of Certified Public Accountants is a nonprofit professional organization. It provides resources, information and leadership to certified public accountants (CPAs) to help them…

Accounting certificate programs are courses designed to educate you in the particulars of accounting and bookkeeping. Many schools have courses lasting an average of six to twelve months that offer…

The American Accounting Association is a nonprofit organization concerned with how the profession of accounting is taught. The members receive resources, continuing education through professional…

The accounting profession is often accused of being too concerned with the numbers and not concerned enough about the more intangible aspects of a company's operations. Environmental accounting, also…

Accounting is a very important aspect of running a business of any size and has historically been considered a good career choice for people who are good at mathematics and have a fine eye for detail.…

Companies of all sizes need to implement a streamlined accounting system in order to accurately record and report business transactions, keep track of invoices and reduce problems with tax authorities…

A sweep account is a hybrid between a commercial checking and investment account. Banks offer this account structure to provide their small-business customers with the security of a checking account…

The accounting cycle is the process of entering records and transactions into the appropriate accounts and closing the accounts in the journal each accounting period. After all entries are posted…

Do you have home business? Even if you do not have one but you like shopping online especially eBay auction website then Pay pal account is important.

Accounting cycles occur on an annual basis and a quarterly or monthly basis. The term "cycle" simply means a period of time over which financial data is gathered and reported. The lengths of the…

In accounting terms the word "post " means to record a transaction or adjustment to the correct accounts, assigning a debit to one account and an offsetting credit to another. Posting may be a manual…

Craigslist requires a valid phone number for your account when you post ads in certain categories. The categories requiring verification vary based on the geographic area, but the process for creating…

A research paper is generally the same, no matter what subject you decide to write about. It does take time to learn how to write effectively, too. With practice, anyone can write a research paper in…

Understanding the different roles of those operating your business is crucial to running a successful business. Accountants and bookkeepers alike will tell you there is a large difference between what…

The United States Postal Service (USPS) takes care of an endless amount of mail and packages. If you send and receive mail for your business (or personally), you can really benefit from using an…

If you ship a lot of packages using the United States Postal Service (USPS), or even if you only ship a few every once in awhile; it is a lot easier to ship these items using an online USPS account.…

Even the slightest deviations to your standard accounting process can corrupt your financial statements. Record this fixed cycle by preparing an accounting process flowchart. This flowchart reminds…

You've been working for an accounting firm and have an itch to start your own business. There are agencies out there that can help you but you have to pay them for their services. Instead, learn how…

Auditing is an interesting engagement that requires alertness of mind and concise application of Generally Accepted Accounting Standard using standard auditing producers.

The accounting department in most companies is overlooked until there is a clerical error at the end of the financial year. The importance of detailed ledgers and accounts has been demonstrated by the…

The job of an Account Executive at an advertising agency is simple if you do these five things. It's not easy; but it is simple.

A database is the backbone of managing a business. It is imperative to have a system set up to track sales, customers and accounts payable and receivable. This article will tell you how to select a…

For employees who travel or entertain clients regularly, expense accounts are serious business. Rumors of expense account padding can put serious pressure on a manager or supervisor to root out…

Microsoft Office Live is a suite of web based software and services focused primarily on small businesses with fewer than 10 employees. Its primary features include a company domain name, a hosted…

Using an accounting professional to oversee the annual closing of your company's books and to prepare its taxes leaves you, the business owner, more time to concentrate on your core duties. You might…

Regardless of all kinds of proprietary hospitality software being sold, there is still a choice to be made about how to manage hotel accounts and what kind of database you should use. The type of…

Unfortunately, there are people on Runescape who would rather scam players out of their hard-earned gear than play the game by the rules. However, the only way these people can take advantage of you…