I have not failed. I’ve just found 10,000 ways that won’t work. – Thomas Edison
Small Business Accounting Tip
Recording accounting journals is a process for each company. This process entails receiving income from clients and customers, recording business expenses and maintaining a business budget just to name a few. Accounting journal entries are necessary but some of those entries are expected to be reversed the next month because the actual invoice (cost) is set to be processed for payment.
Here is a summary of guidelines for reversing entries to companies of all sizes.
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Hello, I'm Terra the Founder and Marketing Director of Fontenot & Associates Solutions. Thank you for joining my Accounting world. Our blog's purpose is to teach with the determination of closing industry and accounting process gaps that knowingly exist with our uniquely designed detailed procedures and trainings.
My mission is to offer the best accounting results for all companies seeking to close their process gaps with actual solutions. With my Bachelors and Masters Degree in Accounting, I strive for continuous development and professional growth in this profession. My professional career has been in the Oil & Gas industry for nearly the past 10 years but my business focus is to support and train accounting professionals in all industries.