Types of Accounting Transactions Cash – Payments received or paid (Cash Sales Orders or Checks written for products or services) . Accounts Receivable – Credit Sales of products or services (Customer invoices). Accounts Payable – Credit Purchases of Assets (Vendor invoices). Notes Payable – Short Term or Long Term. General Journal Entries â...
Read MoreImpact of Accounting Transactions When you are ready to record a transaction you will need to determine which accounts are increased or decreased as well as the amounts that apply to each. The benefit to recording transactions is the resulting update to each individual account allowing the company to review its financial position at any […]
Read MoreI have revised the PowerPoint for the Practical Accounting / QuickBooks Start-up Class. New Slide – Accrual Accounting & Historical Costs As the GAAP Rules suggests; Accrual Accounting & Historical Costs must be used to maintain consistency in transaction recording. Accrual Accounting is a matching of revenues and expenses covered o...
Read MoreI see that individuals from all over the world have visited my Bud’s Books website. The countries represented in the visits this month are as follows: United States, Brazil, Italy, UK, Russia, India, Argentina, Romania, Saudi Arabia, Thailand, South Korea, and United Arab Emirates. I would like to hear from each country on my contact [&hellip...
Read More50 Great Writers You Should Be Reading This is the 3rd year that RG Bud Phelps has won the Authors Show Award – “50 Great Authors You Should Be Reading” In 2012 RG Bud Phelps was one of the 50 for his book “Gibbon’s Secrets” – A Boy’s Memories of the 40’s In 2013 RG […]
Read MoreFREE – FREE – FREE — Shipping & Handling through Dec 31st 2014 I will sign any of the six books available to you and ship them anywhere in the US free of shipping and handling charges. Â You just pay for the book through PayPal and I will promptly send it to the address of […]
Read More Where’s the Art?  Reg and George find it during their post WWII modern-day treasure hunts Book Launch Signing and Sale July 15, 2014 – 7:00 PM till 9:00 PM At Holmes Lake Apartments (Main Office entrance – in Billiards Room), 7100 Holmes Park Rd, Lincoln, NE Get a signed copy of RG Bud Phelps’ […]
Read MoreWhy do you think historical fiction is so well liked? My feeling is that historical fiction takes us on journeys to other places and covering the lives of other peoples which helps us to in effect walk in another’s shoes. Â When I read a historical fiction book I find myself trying to relate what I’m […]
Read MoreRG Bud Phelps Historical Fiction book Back in the Day Results in Him being Chosen As One of ’50 Great Writers You Should be Reading’ Phelps was chosen as the result of a public voting process.  His historical fiction book, entitled “Back in the Day,” is the second book in his ‘life series’ which started [&hell...
Read MoreI am blessed by being selected as one of the 2013 “50 Great Authors you should be Reading” for my book “Back In The Day”. Thanks to all of my supportive friends for their votes. Click on the following link for the Press Release announcing RG Bud Phelps as one of the 2013 winners:Â xxxx PR […]
Read More