Category: Journal Entries

Journal Entries

How Do You Book a Deferred Commission Journal Entry under ASC 606?

New revenue standard ASU 2014-09 Topic 606 (ASC 606) will significantly change revenue recognition for many of us, across all...

Journal Entries

How Do You Book a Payroll Journal Entry?

Payroll is probably one of the most common journal entries – and one of the most common for pitfalls and...

Journal Entries

How Do You Book a Revenue Recognition Journal Entry Under ASC 606?

ASU 2014-09 Topic 606 (ASC 606) codifies new revenue rules for virtually all industries.  It went into effect for private...

Journal Entries

How Do You Book Stock Compensation Expense Journal Entry?

Stock options are a common way to attract, incentivize, and retain great employees.  But recording stock compensation expense on your...

Journal Entries

How Do You Book a Capitalized Software Journal Entry?

If your company is unable to find off-the-shelf software that meets its needs, you may have employees or contractors building...

Journal Entries

How to Book a Fixed Asset Journal Entry

We're going back to the basics in accounting, and the objective of this post is to walk you through the...

Journal Entries

How to Book a Fixed Asset Depreciation Journal Entry

Every company has fixed assets, you’re probably reading this on one right now.  Fixed assets are purchases your company makes...