Tracking your company’s spending is essential for maintaining accurate financial records. One financial accounting method businesses use is the payroll journal entry. Payroll journal entries record ...

An important part of the monthly closing cycle for your small business's general ledger is reviewing the trial balance and posting adjusting entries to recognize accruals, prepaid expenses and correct ...

A company's income statement shows the sales, expenses and profits for an accounting period. The balance sheet tracks assets, liabilities and owners' equity. In the double-entry system of accounting, ...

Note: For budget entries, be sure to choose the appropriate budget period that corresponds to the month of the transaction date. (01 - July, 02 - August, 03 - September, 04 - October, 05 - November, ...

A journal batch acts like an electronic folder that holds one or more journal entries. Summary of Steps to Create A Journal Batch Sign-on to the Oracle applications and select the "RIT - GL - JOURNAL ...