por Alexandra Barba | Sep 14, 2023 | Bookkeeping
The entry would debit the Factory Overhead Control account and credit Cost of Goods Sold (or an equivalent expense account). By doing so, the overapplied overhead cost is recognized as a reduction in expenses in the period in which it occurred. Addressing underapplied... por Alexandra Barba | Sep 7, 2023 | Bookkeeping
Without reversing entries, adjusting entries would need to be manually reversed What is bookkeeping at the beginning of the next period. Reversing journal entries, on the other hand, automatically reverse the adjusting entries made in the previous period. This... por Alexandra Barba | Dic 23, 2020 | Bookkeeping
Develop POs and subcontractor costs to use in projects, so there are no unexpected costs that come up. Once you’ve planned a project, manage it with the general ledger (GL) and payroll features. The payroll module uses Davis Bacon wage rates and includes union fringe...
Recent Comments