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Suspense Account
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Suspense Account A suspense account is an account that is recorded in the general ledger and is used to book transactions only transiently. It is employed ...

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Straight Line Depreciation Calculator
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Straight Line Depreciation Calculator The most common approach to determining depreciation is known as straight line depreciation. This amount is applied to ...

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Payroll Tax FAQ
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Payroll Tax FAQ Payroll accounts have an importance of their own when it comes to your business and so it becomes mandatory to manage them appropriately. ...

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Payroll Options for Small Businesses
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Payroll Options for Small Businesses When it comes to small businesses, there are numerous payroll options that can be employed. Let’s have a look at the ...

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Meaning of Debit Memo on a Bank Statement
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Meaning of Debit Memo on a Bank Statement The deduction from the bank account’s balance is termed as a debit memo on a bank statement. So, a debit memo ...

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Line of credit
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Line of credit In business, a line of credit or credit line may be regarded as an agreement by a bank or other creditor with its client. This arrangement is ...

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Letter of Credit
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Letter of Credit It is a document that is generated by a bank for use by one of its clients. This document expresses the bank’s willingness to guarantee the ...

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How to Look Rich When You are Not
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How to Look Rich When You are Not There cannot be two views about it: everyone wants to become rich! And there is no harm in that. People with lots and ...

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How to calculate shareholder’s funds
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How to calculate shareholder's funds The amount of equity belonging to the shareholders in a company is referred to as shareholder’s funds. The amount of ...

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General Ledger
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General Ledger A collection of plenty of accounts that are utilized to record and sort information from a company’s financial transaction is known as a ...