Bookkeeping

The primary ledger Bookstime that contains all of the balance sheet and income bookkeeping statement accounts is the which accounts are found on an income statement General Ledger.

Base salary is your gross salary before any bonuses or commissions are added. The figure is usually used when employers are advertising a job vacancy. However, staff that receive a wage rather than a salary can be paid overtime. Rather than being paid for any overtime worked, salaried staff may be offered time off work

Straight line depreciation is the most commonly used and straightforward depreciation method for allocating the cost of a capital asset. It is calculated by simply dividing the cost of an asset, less its salvage value, by the useful life of the asset. Explore different depreciation methods, seek advice from financial professionals, and consider financial accounting

Capitalized commission costs are those costs incurred to obtain a contract that would not have been incurred if the contract had not been obtained. This article has focused on contract commissions but could be reasonably applied to fringe benefits and other bonuses. Careful analysis should be completed for each contract and contract renewal to best

The bond is listed on the balance sheet at the full amount of $1,000, but the cash received is just $950, so a contra liability for the discount is listed to make the entry balance. Accumulated depreciation is the total of all depreciation that has been charged to existing fixed assets such as equipment and

For example, one employee may be responsible for recording financial transactions, while another employee is responsible for reconciling bank statements. Bridgit Bench is the #1 workforce planning software built for the construction industry. Our mission is simple — help contractors streamline operations and navigate workforce planning complexities. Founded in 2014, Bridgit provides seamless planning workflows,