Sentences with phrase «prepaid asset account»

You should post the unused (prepaid) rent to a prepaid asset account and expense it as used at the beginning of each month it becomes due.

Not exact matches

The Company accounts for fuel derivative financial instruments at fair value and recognizes such instruments in the accompanying consolidated balance sheets in other current assets under prepaid expenses and other assets if the total net unsettled fair value balance is in a gain position, or other current liabilities if in a net loss position.

Common current assets includes cash (cash, coin, balances in checking and savings accounts), accounts receivable (amounts owed to your business by your customers usually within 10 - 60 days), inventory (goods for sale), and prepaid expenses (e.g. insurance and rent).

Current Assets is comprised of cash, prepaid expenses, and significantly, accounts receivable.

For example, section 529 college savings plans, prepaid tuition plans and Coverdell education savings accounts are not reported as assets on the FAFSA of a dependent student if they are owned by a grandparent of the student (or anybody other than the student or the student's parents).

If the student is independent, however, such grandparent - owned 529 plans, prepaid tuition plans and Coverdell education savings accounts are not reported as an asset of the student.

If the grandparents set up a Section 529 College Savings Plan (or a prepaid tuition plan after July 1, 2006) where they are the account owners and the student is the beneficiary, it will not be reported on the FAFSA as an asset.

• Provided overall accounting support, maintenance of fixed asset and prepaid schedules monthly, posted depreciation and amortization entries, and prepared all U.S. and Foreign office management bank reconciliations.

Maintained accurate accounts including cash, inventory, prepaid, fixed assets, accounts payable, accrued expenses and line of credit transactions.

• Liaison between Company and auditors assisted in details of transactions each quarter, bank confirmation assistance and provided details of fixed asset and prepaid accounts information.

PROFESSIONAL EXPERIENCE Warburg Pincus LLC (Private Equity), New York • NY 2005 — 2011 Staff Accountant (2006 — 2011) Accounting Clerk (2005) Provided overall accounting support, maintenance of fixed asset and prepaid schedules monthly, posted depreciation and amortization entries, and prepared all U.S. and Foreign office management bank reconciliations eAccounting Clerk (2005) Provided overall accounting support, maintenance of fixed asset and prepaid schedules monthly, posted depreciation and amortization entries, and prepared all U.S. and Foreign office management bank reconciliations eaccounting support, maintenance of fixed asset and prepaid schedules monthly, posted depreciation and amortization entries, and prepared all U.S. and Foreign office management bank reconciliations each month.