Content What are the benefits of trade discounts for both suppliers and customers? Quantity Discount Accounting for Trade Discount What is a Trade Discount? Finish Your Free Account Setup How to Account for Sales Discounts Double Entry Bookkeeping is here to provide you with free online information to help you learn and understand bookkeeping and […]

Content Assets Not Assigned To Any Books Listing and Assets Not Assigned To Any Cost Centers Listing Conversion Assets Report Insurance Data Report Budget-To-Actual Report Effect on cash The accumulated depreciation account has a normal credit balance, as it offsets the fixed asset, and each time depreciation expense is recognized, accumulated depreciation is increased. An […]

With accounts payable, you use the account to record liabilities you owe to vendors (e.g., buy supplies from a vendor on credit). A note payable is classified in the balance sheet as a short-term liability if it is due within the next 12 months, or as a long-term liability if it is due at a […]

Content Resources for small business owners looking to offer a retirement benefit to their employees PASSING ADP/ACP TESTING More Definitions of Actual Contribution Percentage (ACP ACP Test Rules Actual Deferral Percentage / Contribution Percentage Tests – Explained If a plan is more generous, some shorter service employees who become eligible often choose not to contribute, […]