The debits and credits must be equal, ensuring that the accounting equation remains in balance. The accounting equation must always be in balance, meaning that the […]

Before the advent of computerized accounting, manual accounting procedure used a ledger book for each T-account. Totaling of all debits and credits in the general ledger […]

If a customer paid with a check or their payment comes with a reference number, you can record that information in QuickBooks as well. As it […]

That number is divided by the number of pay periods you have in a year. In the case of hourly employees, it’s divided by how many […]