Friday, January 21, 2011

Accounting Journal Entries

When you send a small business, financial transactions, and their records the transaction into their journal Accounting To determine the newspaper. general journal transactions for the account or one of the most active is written in journal special. paper the most common special procedures in the sale, purchase journal, cash receipts journal is the journal and spending cash.

Accounting Journal of Business is a detailed record of financial transactions. Transactions affect the amount of the account, which listed in chronological order in which direction the affected account. Depends on the size and complexity of business, reference number and can assign each transaction, you can attach a note describing the transaction.

newspaper is detailed accounting in the lie. General Ledger is looking for a great picture. Sample page journal Accounting, date, account, payment amount and credit amount is heat.
Enter the journal when using debit or credit

One thing is when you use a debit card is a credit to use when you put your book get a handle. Here are some simple rules. If you follow these rules, it will make life easy enough.

* You will always be both a debit card and a credit to the journal entry is used. It is based on double-entry accounting systems do. You are in your journal entry, there are two columns. Debi, a credit - everything was equal.
* Where property owners equations Accounting = debt + Capital remember the quality. Term in the equation with + capital requirements, the owner is on the left side of the equation right. You need to make a journal entry you must use an account in the accounting equation to see if it falls on the left or right to see chart of account.
* To leave the property alone, or if a debit cheukitneun. Debi alone to reduce credit growth. Against the owner's capital or debt, and credit terms on the right. Increase in credit flow to the account to reduce them.

Journal Register an account balance in normal

Easiest way to a time direct debit and credit to my account in the table account for the account in 5 of the normal balance is sure to remember. Steady increases in the balance when the account was not going to decrease. Here the balance against the usual list him. If you remember this list, it will save you time.

* Asset account - debit
* Liability account - credit
* Property in the goods - credit
* Revenue Accounts - Credit
* Expense - Debit

For example, you write an entry in the capital account and credit card or debit account will have some other.

Financial Ratios

Financial reporting is an excellent way to analyze the economic situation. But they do not mean anything specifically. Suppose you can calculate your debt, and it is 50%. All this means that 50% of the company you funded the equity and debt by 50%. I do not know if this is good or bad.

If you have any comparative data, so you have a basis for comparison and it can be done if the debt is an appropriate business.
Trends analysis

Hope is the release of more small businesses. It is very useful for calculating the financial indicator for many years (or quarters if you have that information), so you can follow the development of their relationship.
Industry Analysis

Equally important as the analysis of analysis of industry trends. It is very important, especially in the current economic climate to know what field you are doing compared to the company. For example, if the circumstances are very different from my own business, you want to explore why and where appropriate, take action.

The problem relates to the industry average. They are there, but they are quite expensive to collect. If you live near a college, advice that is best I go to the university library, where you can get a free copy of the industry average. The book you are looking for Survey Casting Line, James, and a bad sector on average. These amounts are also online price.

One of the best markets for these services offers the industry average of Bizminer.com.

What should I do that trend and industry analysis at each balance can be calculated from the total picture of a company.