Bookkeeping

In the Filters tab, select Transaction type, check the desired types, set Detail level to Summary only, and click OK. Upon the conclusion of a defined period, typically a month, the Cash Payment Journal incorporates a Total Payment row indicating the cumulative amount for each column. Accountants utilize the information within this journal to perform …

Cash Disbursement Journal in QuickBooks: Definition, Creation, and Cash Management Leer más »

Because construction production is project-based, decentralized and long-term, contractors may use a wide range of billing styles and methods. Costs including materials, labor, equipment, and subcontracts are listed on the income statement. The purpose of retainage is to ensure that owners have some assurance that contractors complete the entire job rather than abandoning work after …

Introduction to Construction Accounting Leer más »