How to record an advance to an employee

Any advances must be referenced on the reimbursement form to ensure that the reimbursement total is appropriately reduced by the amount advanced. Make sure you check your state laws when creating your payroll advance policy. Current liabilities of a company consist of short-term financial obligations that are typically due...

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A Beginner’s Guide to Bookkeeping Basics

Content Part 3 – Double Entry Bookkeeping Financial Modeling and Forecasting Financial Statements How to Manage Bookkeeping for a Small Business Accounting Foundations Then, they use this data to create budgets, financial documents, and reports. Learn about accounting basics how developing an understanding of your business’s accounting will allow you to grow better. Debits...

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