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Business Technology Mr. Bernstein Greene, pp 253-260 Recordkeeping for Businesses December 11, 2013
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Business Technology. Mr. Bernstein Greene, pp 253-260 Recordkeeping for Businesses December 11, 2013. Business Technology Mr. Bernstein. Recording Transactions Businesses use these tools to build accurate data for use in Financial Statements: Journals record all transactions Sales - PowerPoint PPT Presentation
Transcript of Business Technology
Business Technology
Mr. Bernstein
Greene, pp 253-260Recordkeeping for Businesses
December 11, 2013
2
Business TechnologyMr. Bernstein
Recording TransactionsBusinesses use these tools to build accurate data for use in
Financial Statements:Journals record all transactions
SalesCash PaymentsCash ReceiptsPurchasesGeneral
3
Business TechnologyMr. Bernstein
Recording TransactionsBusinesses use these tools to build accurate data for
use in Financial Statements:Journal entries are posted into Ledgers:
Scorecards for various “Accounts” such as Cash, Sales, Rent, Utilities…or Accounts Payable, Accounts Receivable…or for various vendors, etc.
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Business TechnologyMr. Bernstein
Banking RecordsKeep your check register balancedReconcile your ledger with the bank statement
Other RecordsPayroll recordsTax Records
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Business TechnologyMr. Bernstein
Payroll Data
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