Archive for December, 2009
Accounting Term of the Day – Debit Memo
Debit Memo -
Definition:
A document issued that reduces the amount of a payable. These are used to record returned goods, defective goods or services, miscellaneous charges or credits, and error corrections.
Published by angie on December 31st, 2009 tagged Term of the day | Comment now »
Accounting Term of the Day – Debit
Debit -
Definition:
A debit increases an asset or expense account balance, and decreases a liability, equity, or income account balance.
Published by angie on December 30th, 2009 tagged Term of the day | Comment now »
Accounting Term of the Day – Days to Lose Discount
Days to Lose Discount -
Definition:
The number of days after a sale that an early payment discount is available.
Published by angie on December 29th, 2009 tagged Term of the day | Comment now »
CMS Important Dates to Remember for January
Below is a reminder to CMS users of some upcoming and important tax dates and information. Tax reporting information for both 2009 and 2010 is available in CMS Professional 2010 SP1 for Payroll and Accounts Payable and Denali 2.7 SP3.4 for Accounts Payable.
December 31, 2009 – Deduction deadline. This is the last date to make payments that are deductible [...]
Published by angie on December 29th, 2009 tagged Tips & Tricks | Comment now »
Accounting Term of the Day – Custom Companies
Custom Companies -
Definition:
Companies established from scratch in which you set up all Profile variables required for operation.
Published by angie on December 28th, 2009 tagged Term of the day | Comment now »
Accounting Term of the Day – Credit Memo
Credit Memo -
Definition:
A document issued that reduces the amount of a receivable or increases the amount of a payable. These are used to record returned goods, defective goods or services, miscellaneous charges or credits, and error corrections.
Published by angie on December 24th, 2009 tagged Term of the day | Comment now »
Happy Cougar Holidays!
Published by angie on December 24th, 2009 tagged Marketing | Comment now »
CMS Holiday Closures
Published by angie on December 24th, 2009 tagged Company | Comment now »
Accounting Term of the Day – Credit
Credit -
Definition:
An amount entered in the right-hand column of a ledger account. A credit decreases an asset or expense account balance, and increases a liability, equity, or income account balance.
Published by angie on December 23rd, 2009 tagged Term of the day | Comment now »
Accountint Term of the Day – Contra-Asset Account
Contra-Asset Account -
Definition:
An account with a credit balance that offsets an asset account to reflect the appropriate balance sheet value for the asset.