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 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...