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Accounts Payable
Sometimes referred to as trade payables, accounts payable is an account sub-ledger that records all the amounts that a company or a person owes to suppliers but has not paid yet.
3,095 Questions
What are the main duties of a cashier at Mcdonald's?
The cashier is responsible for a successful checkout - which basically includes all the things the secret shopper is asked to look for.
eye contact, smile, greet, check out in a timely manner, careful packing, safeway and airmiles card, offer carry out, thank by name, parting comment.
most of the duties take place at the till, but the cashier may be asked to perform other duties depending on need, etc.
Other duties I've performed - trainee shadow (based on experience and seniority), wash tills (in the evening, when it's slow), face shelves (at slow periods, generally in the evening), stock shelves (based on staff/need), breaks (generally assigned to ~2 people per day, relieve other cashiers for their breaks), assist at customer service (requires some training, based on experience and seniority), collect coupons/put out call sheets (coupons daily in the evening, call sheets based on availability), assist customer service clerk with their duties (ie. changing changers, closing tills, etc), bagging for other cashiers (based on need for cashiers/how busy it is), etc.
most of these other duties occur in evening shifts.
What are the duties of a bookkeeper?
A bookkeeper is the responsible for all the transactions taking place in the company, ultimately these transactions will be recorded in the accounts of the company's ledger. Bookkeepers are expected to be accurate, efficient, and knowledgeable about debits and credits, the chart of accounts, accounts payable procedures, sales and accounts receivable, payroll, and more. Each bookkeeper's specific responsibilities will vary by type and size of the business.
A bookkeeper is responsible for the daily expenditures and receivables of a business.
He or she balances the books.
What are the disadvantages of accounting software?
Loss of Data or Service
- When a business is reliant on accounting software, any loss of service due to a power or computer outage could cause a work disruption. Work disruptions can prevent the input of new information as well as prevent access to stored information. Additionally, if information is not properly backed up, a computer outage could result in lost financial data.
- The information in an accounting system is only as valid as the information put into the system. Since most accounting systems require some manual input of data, financial results could be incorrect unless all input data is reviewed. If there is a tendency to only review the final reports or output of an accounting system, it may be difficult to find faulty information.
- Every business has unique aspects that may cause difficulties when it tries to tailor a generic accounting software package to its needs. While customization is available for many programs, it may cause downtime and potential inaccuracies if not done correctly. Also, as a business grows, there may be a need to change accounting software packages; this could cause a large disruption, as information must be migrated and new training is needed for personnel.
- A disadvantage of accounting software is the cost involved. Beyond the initial outlay to purchase the software there is the cost of maintenance, customization, training and computer hardware. While time savings may justify the cost, for some businesses it may take years before an accounting software investment pays for itself.
- Information stored electronically can be manipulated and accessed if proper controls and security measures are not in place. Strict controls are needed to make sure only authorized personnel use the accounting software and have access to reports. Since financial data can be sensitive and confidential, using accounting software creates the potential for fraud
How are layers used in a Flash document?
Layer based animation is useful for creating complex projects. It makes drawings and eding easier
Help in creatin Sophisticated Effects
E.g Gude Layers, Mask Layers (for spot light effects)
What is the difference between tally 6.3 and tally 9.0?
Basically their are no difference between any old version of tally & tally.erp9 because it is not different from its prior version but their are various additions to functionality & report capabilities that have been improved & are still getting improved / added even if you compare version 4.5 with erp9 all the things you could do in 4.5 you can do way better in erp9 & further assurance is that it will be improved to a lot more.
so don't look for differences look for additions. & to look for additions just take a look at the help file that comes with installer
Regards,
Hardik Mehta
Hardik Printers
Authorized Tally Service Partner, Tally Integrator
How do you transfer tally data in tally 9?
It's possible in 2 ways:
1. Just open your company data in Tally 9.0, and you will see a message that says "Rewrite Version?".
Then, press the "Y" or "Enter" button.
Your data will then be transferred from 7.2 to 9.0.
2: Just open Tally 9.0 and press Alt+Clt+R (It's an option for rewriting the company).
Then, locate your 7.2 data destination and press "Enter".
The correct way of transfering data from 7.2 to ERP9.0 is using the Tally Data Migration Tool using which you can transfer data from 7.2 to Tally 9 this tool is available in your Tally installation directory called as TallyDataMigration.exe just take backup from 7.2 & then restore it using the tool & then ask the tool to migrate the data all your data would then start migrating from 7.2 to 9
Why it's quite simple my friend, you simply press the create acount button next to the ask anser button!
What do i do in general ledger?
General ledger is the book of final entry of all business transactions of a company. Primarily, any end balance from the said ledger of all accounts used by a particular business enterprise is the...The all important books in the financial transaction is known as ledger.A general ledger is a summary of all transactions that occur in a company (this is not entirely accurate, the general ledger shows you the balances and debits and credits to each specific account but..
What is tally or meaning of tally?
Dance Tally: Until the 60s every couple got a souvenir at each formal dance. They were the size of a playing card and had a ribbon so the girl could wear it on her wrist. They represented the theme of the dance and were decorated nicely on the outside and inside were several professionally printed pages with the dance committee names, the date, the place etc. In former years, they also included a page with lines on which a man would sign his name and that dance was promised to that particular man. It was finally recognized that couples only danced with the partner with whom they arrived and the dance page was omitted.
Simplicity:tally erp 9is simple, easy to setup and use. it also allows easy keyboard operations.it requires basic knowledge of account to use it.
speed:tally erp9 provides the capability to generate instant and accourate repoet,witch assits the managment to take timely and correct decisions for the overall productivity and growth of the compuny.
What is the normal account balance for the accounts payable ledger accounts?
The average account balance in the accounts payable ledger is a credit balance, which implies that the credit side of the AP account should always be a positive balance. It is a liability on the balance sheet showing the amount the firm owes its vendors. A credit entry is made to the AP account whenever a firm purchases credit.
The AP balance falls when the firm makes debit entries to pay off its obligations to its suppliers. A company’s outstanding obligations to its creditors are represented by a credit balance in the accounts payable ledger. Are you searching for experts to handle your accounts payable in Ireland accurately? Feel free to contact Outbooks at +44 330 057 8597 to learn more about our customised AP solutions in Ireland!
If a packing slip show a shorage the accounts payable dept should?
if some goods from a purchase order are damaged reciept return to the supplier, the a/p dept should
Is car insurance a fixed expense?
In simple terms, yes... Such expenses like dues, loans and insurance are fixed expenses. Variable expenses are those that fluctuate in proportion to supply and demand, hourly production costs, packaging and shipping costs.
What does the meaning of receive payment within 30 days mean?
It means that you have to have settled the bill within 30 days or interest charges will be applied and legal action taken.
Account Payable is a major part of Accounti g cycle that pertains to obligations arising from the promise to pay later on in connection with the purchases and or services rendered, and in more technical sense, the A/P is a measure of time for making cash outflows into cash inflows.
How often is a worksheet prepared in accounting?
In accounting, a worksheet is typically prepared at the end of an accounting period, such as monthly, quarterly, or annually, depending on the organization's reporting needs. It serves as a tool to organize and adjust financial data before finalizing the financial statements. Some businesses may also prepare worksheets for specific projects or during audits. Overall, the frequency can vary based on the complexity of the accounting system and the requirements of management or regulatory bodies.
What are Petty cash fund used for?
Petty cash fund is usually used in a business to make minor odd purchases, such as a sheet of postal stamps, an inkjet cassette, a pack of envelopes, etc.
What are the data attributes for accounts payable?
Data attributes for accounts payable typically include vendor information (name, contact details, and payment terms), invoice details (invoice number, date, amount, and due date), payment status (pending, paid, or overdue), and transaction history (dates of transactions and amounts paid). Additional attributes may encompass department codes, purchase order references, and relevant tax information. These attributes help organizations manage their liabilities, track expenses, and ensure timely payments.
IN Basic they would be costs of interest charged on business loans, costs of banking, costs of purchasing a loan. Banks will charge to arrange a business a loan.
