Accounting Blog

Posting in Accounting

May 11, 2020 Accounting Blog by Roland Morgan

Primary accounting, or posting, is the initial stage of system perception of registration in the book of individual operations that characterize economic processes and phenomena occurring in the organization. Its objects are procurement, acquisition, and expenditure of material resources, production costs, movement of semi-finished products and remnants of work in progress, the volume of output,
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What is Adjusting Entries

Apr 30, 2020 Accounting Blog by Roland Morgan

An adjustment entry is an entry that is used to bring income and expenses into line at the reporting date. It reflects the economic activity that has already been carried out but has not been properly accounted for. Classification of Adjusting Entries The mechanism for making corrections, or adjusting entries, is not regulated by accounting
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What is Opening Entry In Accounting

Apr 28, 2020 Accounting Blog by Roland Morgan

Accounting concepts such as “asset,” “liability,” “debit,” and “credit” apply only to balance sheet accounts. All these concepts are used in the transaction, which is a description of an event in the business life of the organization, compiled according to the rules of double-entry. Accordingly, only balance accounts can be used in a transaction. However,
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Zoho Books Review

Apr 14, 2020 Accounting Blog by Roland Morgan

Zoho is a service for accountants that allows you to prepare reports, track Bank transactions, and successfully conduct accounting online. The service is very popular all over the world, and there are versions in several languages. Anyone can use the mobile app for various operating systems. Reviews of the program are mostly positive. What are
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TurboTax Review

Mar 31, 2020 Accounting Blog by Roland Morgan

In any event that you are bemused about your taxes, despite the fact that they are generally direct, then at that point, TurboTax is the right decision. Why? Because you will start the system by ticking the options that most precisely embody your current tax situation. At that point, when you are totally completed in choosing everything that concerns you, TurboTax will automatically recommend the tax bundle that best suits you and your needs.

Another advantage of TurboTax involves a simple application of your tax data with the help of your cellphone. All you need to do is to take a photo of your latest W-2, and the data will surely fill in.