Sentences with phrase «payable account»
A payable account is a type of account that represents the money a business owes to someone else, such as suppliers or creditors. It's an amount that needs to be paid by a company in the future for goods or services received. Full definition
The only apparent drawback of this arrangement is a dramatic increase in accounts payable account, which shows up on the balance sheet as a short - term liability.
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Credit the same amount to the interest payable account in the same entry.
Maybe, at the maximum, there is a 5 % to 10 % equity in the deferred tax payable account.
They are assigned with the task of managing payable account.
Four year accounting degree three years experience accounts payable accounts receivable bank reconciliation healthcare and insurance experience helpful full benefit package local company eoe employer...
Summary: I retired in February 2014 with thirty five years of Oil and Gas experience including, but not limited to, Accounts Payable Account Receivable Production and Revenue Accounting Drilling Cost Auditing ordering, expediting, classifying and moving production and drilling materials (line pipe, tubing, casing, etc.) and all phases of Gas Balancing pertaining to wellhead, platform, field balancing and settlements of all...
The entry recorded when the note was received is posted by debiting the Cash account for $ 10,000 and crediting the Notes Payable account for $ 10,000.
For the past three years, I have worked in the position of Accounts Payable Associate at TASC, Inc handling all incoming payable accounts and reconciliation.
After: Managed over 1,000 accounts receivable and payable accounts working directly with the Chief Financial Officer.
Responsibilities Was responsible for all accounts payable accounts Supervised all accounts payable employees including setting schedules and daily tasks Implemented new techniques with the assistant manager Kept on top of all changes to accounting software through training and schooling Trained employees on new software
Highlights Accounts Payable Accounting operations Complex problem... expert Accomplishments Accounting Skills Operated computers programmed with accounting software to record... Summary Precise, detail - oriented accounting with sound judgment and decision - making skills.
Bookkeeper responsibilities include accounts payable accounts receivable, purchase orders.
Familiar with procedures in regard to accounts payable accounts receivable bank reconciliations budgeting and forecasting
Maintain accurate receivable and payable accounts for Discovery Club, Childcare and Preschool Programs
If the interest accrues at the beginning of the year, or the beginning of the loan term, make a debit entry to the interest expense account, and a credit entry to the interest payable account to reflect the fact that the business has incurred interest.
However, the deferred tax payable account can never be worth as much as tax paid retained earnings (part of net worth) because the tax may someday become payable, especially if the company engages in resource conversion activity, such as being acquired in a change of control transaction.
I fully recognize my responsibility with respect to payable accounts and have worked diligently to re-establish my relationship with [COMPANY] since that time.
The premium on bonds payable account is a contra account that increases the value of the bonds payable account.
The discount on bonds payable account is a contra account that reduces the value of the bonds payable account.
Remarkable experience in planning, organizing, delegating, motivating, controlling accounts payable account
I am seeking an accounts receivable job at a firm where I can perform all duties including financial dealings, billing, information entry, listing trader cheque, upholding list of receivable and payable accounts and such other work.
Performed monthly closing for two entities; controlled 80 accounts payable accounts; managed 150 fixed assets; handled general ledger and inter-company journal entry and reconciliation
Effectively oversaw workflow as well as supervised and trained accounting staff through performing posting to general ledger, accounts receivable, and payable accounts.
• Oversaw the maintenance of all accounts, including accounts receivable and accounts payable accounts.
• Oversaw the maintenance of accounts receivable and accounts payable accounts, ensuring timely payment of all liabilities to owed parties.
Updated all payable account transactions..
Integrated and continue to improve the automation of the accounts payable accounts receivable and human resource processes.