Bookkeeping

HR departments often use FTE salaries to determine their part-time workers’ compensation. A part-time employee’s FTE salary is calculated by multiplying their FTE value by the salary allotted to an equivalent full-time employee. For instance, let’s say a full-time graphic… Read More »What is Full-Time Equivalent FTE & How to Easily Calculate It

You post an entry to the general ledger by adding it to the relevant account. In this step, the adjusting entries made for accrual of income, accrual of expenses, deferrals under the income method, and prepayments under the expense method… Read More »Accounting Cycle Explained : 8-Step Process