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Do you know how do accountants account for the depreciation of assets? Business owners often ask an accounting firm in Johor Bahru for help as the calculation of depreciation can be quite complicated sometimes, especially if they own various classes of assets in their business. To deal with depreciation, the accountants will need journal entries … Read moreJournal Entries for Accumulated Depreciation

It is normal for sales (Also see Journal Entries for Sales Return) and purchases to happen on credit nowadays. However, having credit sales and purchases means that the time the business event takes place will be different from the timing the company receive (Also see Do You Know What is Accounts Receivable?) or spend cash. … Read moreJournal Entries for Credit Purchases

In some occasions, business (Also see How to Track the Expenses and the Benefits It Brings to Your Business) owners may encounter a situation where the goods they receive from their suppliers may be defective, or the merchandise are not what they want. If this happens, they will return those goods to the supplier. From … Read moreJournal Entries for Sales Return

If you want to make a budget plan for your small company, the process of tracking the expenses is very crucial. You need to track all the receipts and payments and keep a record for each of them as this helps to improve your company’s financial health. By doing so, you will be able to … Read moreHow to Track the Expenses and the Benefits It Brings to Your Business

Both accounts payable and accrued expenses are the terms that you will usually see when you read the balance sheet of your company. When the accountants from an accounting firm in Johor Bahru are recording business transactions for the business owners, they will record the payment that the company needs to pay to its creditors … Read moreHow to Differentiate Accounts Payable and Accrued Expenses?

Most must have heard of dividends and interest, but not all of them know their actual meaning and the dissimilarities between them. Both of them are totally different in terms of concept. Dividends are the part of profits that the company distributes among its shareholders as a return for their investments. On the other hand, … Read moreHow to Differentiate Dividend and Interest?