Prepaid insurance qualifies as an asset because it meets the accounting criteria for an asset. An asset is an economic resource controlled by the entity as a result of past transactions or events, from is prepaid insurance a contra asset which future economic benefits are expected to flow to the entity. In the case of…

The idea of using the allowance method is to understand how much bad debt your business is likely to incur so you can plan ahead. Then, instead of running into surprise cash flow issues, you can factor an allowance account into your budget. Consider two delinquent accounts that might look identical in your books, owing…

Today, almost six years later, this product has a name (ADP Lyric HCM) and it has reached general availability for ADP customers with 1,000 customers or adp next gen more. Design Thinking in HR Software: Prioritizing the People-First Approach (Gold’s Gym is a customer and successfully manages many locations, many types of workers, with many…

Web your adp time & attendance representative has set up a template for each type of data that can be. In addition to Journal Entry and Payroll Journal Entry imports, various some payroll companies provide reports that can be easily imported into R365. The table below contains sample payroll files that can be easily imported…

If you don’t pass the first time, you may retake the test up to three times. To pass the QuickBooks ProAdvisor exam, you need to demonstrate a solid understanding of QuickBooks software functionalities, accounting principles, and problem-solving skills. Make sure to study diligently, practice using the software, and review any challenging areas thoroughly. To become…