Roland Morgan, author at Online Accounting

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Morgan Rolland has been in accounting for over 5 years. He is a successful accountant. He is currently publishing articles on accounting on this blog. For any questions of interest, please contact us by e-mail: admin-morgan@online-accounting.net

How to Correct Accounting Errors

Mar 24, 2020 Accounting Blog by Roland Morgan

First off, to correct the error and provide the correct data for a financial statement, there are three things you will have to look out for and ask yourself.Question #1: What is the nature and type of the found error?Question #2: What action would b...

What is Cash Flow Statement (CFS)?

Mar 12, 2020 Accounting Blog by Roland Morgan

The formula goes as follows:-...

What is Xero?

Mar 12, 2020 Accounting Blog by Roland Morgan

The best feature of Xero is its online availability. Just enter Xero login and start working. It means that it is not necessary to load any side software or installation set to access the system of accounting Xero. Everything will be in a cloud. You ...

The difference between expenses and assets

Feb 25, 2020 Accounting Blog by Roland Morgan

Expenses in the reporting period are money spent or expenses incurred as part of the firm's operating and non-operating activities during a specific reporting period. Expenses are the costs of running a business, where running a business is the sum o...

Process of accounts payable

Feb 17, 2020 Accounting Blog by Roland Morgan

Each purchase order document has its tracking number that allows one to monitor both sides of the delivery and payment. The information on the document form for accounts payable process in sap confirms the sale of goods or services on a permanent bas...