Mary hopes it will better as the team works together, but right now, she needs to reevaluate her labor budget and get the information to her boss. Let’s say our accounting records show that the line workers put in a total of 2,325 hours during the month. The engineering staff may have decided to alter […]
How To Fill Out A Receipt Book: Step-by-step Guide
The main difference between an invoice and a receipt is when and why it is issued. An invoice requests payment from the customer for goods or services purchased, while a receipt is written proof that the purchase has been completed and paid. Should an error occur while filling out a receipt, prompt correction is necessary. […]
Payroll journal entries
It’s like the ship’s captain taking into account the wind, current, and tide before setting sail. Accrued payroll covers salaries, wages, and other compensation employees earn for a specific period that hasn’t yet been paid by the company. In addition, the term accrued payroll can also refer to an accounting method which is used to […]