Category: Bookkeeping

Union rates, travel pay, and taxes can also impact how much you’ll need to pay your workers. Although it is possible to combine these methods, the shortcomings of both in general and the use of averages in particular meant that a new approach was needed. The first is a spend-based approach, which assigns emissions based…

At the end of each accounting period (usually monthly), the sales journal double entry is used to update the general ledger accounts. As the business is sales journal using an accounts receivable control account in the general ledger, the postings are part of the double entry bookkeeping system. The name of the four sales journals…