business Archives - Page 2 of 2

General Ledger Default Settings in Peachtree 2012

Monday, September 16 2013 by Keeley Byrnes

There are many different types of accounting software that businesses can use. One popular title is Peachtree. In this post, we will discuss the general ledge default settings and also how to add accounts. General Ledger Default Settings The General Ledger records all financial information for your company. Every transaction that occurs is eventually

Setting Up a Company File in QuickBooks 2013

Thursday, September 05 2013 by Keeley Byrnes

The first thing you should do when using QuickBooks is to set up a company file. If you are new to QuickBooks, you should seriously consider setting up a company file that is not your company file, but is similar in nature: a “dummy” company. That way, you can practice creating transactions that you would be

accounting books business company file help how-to quickbooks setting up training tutorial

Small Business Accounting- Debits and Credits

Thursday, June 20 2013 by Keeley Byrnes

In accounting, T-accounts are used to track economic activity within the business. A T-account is an individual record of an increase/decrease in an asset, liability, stockholder’s equity, revenue, or expense. Each T-account consists of three parts: the title of the account, a debit, and a credit. A debit is the left side of the account.

accountant accounting asset business CPA credit debit equity liability manager retained earnings small t-account

Managerial Accounting- Tips for Ethics in Financial Reporting

Thursday, June 13 2013 by Keeley Byrnes

In recent years, many financial scandals have come to light in the media. Companies such as Enron, WorldCom, and AIG have experienced significant scandals due to unethical and sometimes illegal accounting practices. It is important for companies to prepare financial statements correctly and legally to avoid punishment, but also to have an honest relationship with

Published in Business, Latest, Small Business Accounting

No Comments