Author: 9386268_ypd7z0

Under this system, your entire business is organized into individual accounts. Think of these as individual buckets full of money representing each aspect of your company. Recording a sales transaction is more detailed than many other journal entries because you need to track cost of...

Keep in mind that if you use payroll software, the software does the gross pay calculations for you for both hourly and salaried employees. How you calculate gross rate of pay varies depending on if your employee is hourly or salaried. Peter’s wages before...