Outsourced accounting solutions can help small businesses save cost, time, and resources, access expertise and quality, and scale and adapt their accounting and tax tasks. Accurate accounting and bookkeeping are essential to the success of any business. As a small business owner, chances are you have limited time to devote to maintaining your books and...Read More
Since your company did not yet pay its employees, the Cash account is not credited, instead, the credit is recorded in the liability account Wages Payable. Accounts payable (A/P) is a type of liabilities account, so it stays on the credit side of the trial balance https://www.bookstime.com/ as the normal balance. It is the amount...Read More
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