The Different Types of General Entries
Accounting & Finance BookkeepingIn the world of accounting, the general journal serves as the primary record for all financial transactions of a business. […]
How to Record a Journal Entry (Step-by-Step Guide)
Excel Assistance RequestsRecording a journal entry is a fundamental skill for anyone involved in accounting or business. It’s the first step in
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The Complete Guide to SAP Clearing Documents
Accounting & FinanceIf you’re an accountant working with SAP, you know that keeping financial records clean is crucial. But how do you
Learn Debits and Credits in Under 5 Minutes!
Accounting & FinanceEver felt like accounting speaks a different language, filled with confusing terms like “debits” and “credits”? You’re definitely not alone!
Understanding New Rules for ESG Loans and Online Payments (IFRS 9 Update)
IFRSIntroduction: Staying Ahead in Accounting – Key Changes to IFRS 9 You Need to Know The financial landscape is constantly
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IAS 1 vs IFRS 18: What’s Changing in Financial Statement Presentation?
IFRSIntroduction On April 9, 2024, the International Accounting Standards Board (IASB) issued IFRS 18 — a brand-new standard that replaces
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When “Just Showing Up” Gets the Same Rewards as Crushing It
General ArticlesWe’ve all been there. You pour your heart and soul into your work, consistently exceeding expectations, brainstorming innovative solutions, and
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How to Record Cash and Credit Sales Journal Entries
Journal EntryIntroduction Sales transactions are the backbone of any business. Therefore, recording them accurately is essential for maintaining reliable financial records.
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Learn Depreciation in 5 minutes!
Accounting & FinanceWelcome back accountants, weather you are an accountant or still studying to become an accountant, depreciation will be a must
Leases: Understanding the Impact on Liabilities and Financial Reporting
LiabilitiesLeases, a common way for businesses to acquire the use of assets without purchasing them outright, have become increasingly complex
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