ADP RUN articles

These are bullet points that are highly beneficial for anyone searching for someone with a particular knowledge base. By presenting every employee and their experience at the fingertips of users, people find who they need quickly so they can be more productive and get to know one another much faster. The matrix organizational structure is necessary for large organizations that have multiple projects going on and need collaboration across departments. Another aspect of a vertical organizational […]

For most companies, if the note will be due within one year, the borrower will classify the note payable as a current liability. If the note is due after one year, the note payable will be reported as a long-term or noncurrent liability. When you repay the loan, you’ll debit your Notes Payable account and credit your Cash account. For the interest that accrues, you’ll also need to record the amount in your Interest Expense and Interest Payable accounts.

Tim borrows the money from […]

Dividends paid to shareholders also have a normal balance that is a debit entry. Since liabilities, equity (such as common stock), and revenues increase with a credit, their “normal” balance is a credit. Table 1.1 shows the normal balances and increases for each account type. The double-entry system requires that the general ledger account balances have the total of the debit balances equal to the total of the credit balances. This occurs because every transaction must have the deb […]

Double Entry Bookkeeping is here to provide you with free online information to help you learn and understand bookkeeping and introductory accounting. For this reason the account balance for items on the left hand side of the equation is normally a debit and the account balance for items on the right side of the equation is normally a credit. The best approach is to take it slowly, practice good money management, and only ever risk money you can afford to lose, credit balance or no.
Temporary […]

The term “not for profit” generally refers broadly to an activity that does not generate profits, and many types of organizations can be considered “not for profit”. Saprea accepts public and private donations, grants, and we even have a store with merchandise that goes to supporting survivors of child sexual abuse. 501(c)(3) organizations are divided into two main categories, “public charities” and “private foundations.” Public charities ar […]

Business owners can choose to pay themselves via an owner’s draw or a salary, or a combination of both. It should, however, be remembered that the IRS requires owners of S corporations to be paid “reasonable compensation” if they also act as officers and/or employees of the company. For example, a sole proprietorship that earned $200,000 in profits and has $400,000 in cash has up to $200,000 in available dividend distributions. If more cash funds are needed, the sole propriet […]