We will discuss the internal controls related to cash receipts. The concept of internal controls can be surprisingly complex. The objectives of internal controls seem fairly straight forward but application

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We will cover the financial transaction related to rental income. We will first take a quick look at QuickBooks and then enter the financial transaction into Excel using debits and credits. For more

We will enter the financial transaction related to payroll. We will first enter the accounting transaction into Excel and then enter the financial data into QuickBooks. For more information about QuickBooks

Once we understand the normal balance of an account, represented by the image below, there is only one rule we need to know to make an account go up or down. The rule to make an account balance go up or