Category: Bookkeeping

The straight-line depreciation method is the simplest to use when calculating accumulated depreciation. A few accessible inputs are required for the straight-line method and a simple formula to determine depreciation. Say a business invested $50,000 in equipment that will be used for a long time in its operations. It projects that the Asset will have… Continue reading Accumulated Depreciation Calculation Journal Entry

These trade debtors of the business are its customers to whom sales are made on credit terms. Businesses choose the customers based on many requirements such as credit scores, history with the business or the importance of the customer to the business. Once these factors are determined the credit terms of sales for that customer… Continue reading Average Collection Period Formula with Calculator

Then, all that’s left is to post your job ad and wait for the perfect hire to apply. Customization is key; if you need an accountant who specializes in accounts payable, make that clear, as shown in the last job description sample. Make sure to devote one to two sentences to how this new hire… Continue reading Accountant Job Description Template