Author Archives: kedaijam

There are three types of transactions you will need to know when preparing a journal entry for common stock. These are issuing stock exchange for cash, for other non-cash assets or companies buying back their own stock. However, if there is such discount stock, the accounting treatment would treat such discount as a reduction of […]

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We can set up financial reports for your review to streamline your business and save you valuable time. These reports are important tools that can guide your business in making financial decisions, planning, and evaluating performance. We customize and maintain Xero to provide you with useful and timely information in the form of financial statements, […]

Subsequently on a regular (usually daily) basis, the line items in the cash journal are used to update the subsidiary ledgers. Generally most cash receipts are from credit sale customers, and the subsidiary ledger updated is the accounts receivable ledger. As can be seen in the above example, 550 is posted to the ledger account […]

The purchasing of new equipment shows that the company has the cash to invest in inventory for growth. Finally, the amount of cash available to the company should ease investors’ minds regarding the notes payable, as cash is plentiful to cover that future loan expense. Changes in cash from financing are “cash in” when capital […]

Companies in the construction industry need to think about the future when making plans, especially when it comes to investments in machinery, employees, and new locations. An organization’s future course of action can be better informed with the help of financial data gained via accurate accounting. Having a trustworthy method of financial records becomes more […]