Bookkeeping Basics – Transaction Receipts and Expenditure Coding

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Every tax preparer and accountant somewhere along the lines needs to have a fundamental basic understanding of bookkeeping in order to ensure they are using the correct numbers when preparing a tax return or otherwise presenting financial information to their client.

Transactions – Receipts, Expenditures, and Coding

  • Understand the basics of coding receipts
  • Discover examples in coding various sale types using T accounts, and see their differences
  • Learn basics about disbursements, and discover how to code these transactions
  • Understand what a Timing and Capitalization are, and the importance of having one
  • Understand the importance policy documentation as it relates to transactions
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