Journal Entries for Bank Reconciliation Explained: Definition, Examples, Practice & Video Lessons

Without accurate reconciliation, you might think you have more money available than you actually do. This can lead to bounced checks, overdraft fees, and embarrassing situations with vendors or employees. Regular reconciliation also helps you catch duplicate charges or incorrect bank fees before they accumulate. This reduces your accounts payable (a liability) and decreases your…

Kid Cudi doc reveals battles with depression and drug abuse

In “the rap game” addiction is prevalent and even glorified, but that doesn’t mean it’s not a major problem for rappers. Well unfortunately Yelawolf’s on-going battle with addiction continues to be a real struggle. On Friday afternoon, the Alabama rapper made an appearance of ESPN’s day-time talk show “Highly Questionable,” and opened about his problems with…

Current liabilities vs noncurrent liabilities definitions, explanations, differences

These obligations are included within long-term liabilities, and a company will not have to pay them within twelve months. The point of difference is that bonds are supported by collateral or physical assets. Such liability is created when gains or revenue are reflected on the income statement as it becomes eligible to be taxed. This…

How Many Paychecks in a Year? Weekly, Biweekly, Monthly Explained

Semi-monthly pay periods are also known as bi-monthly pay periods. Pay periods refer to a recurring schedule that a new business creates in order to pay its employees, and are typically determined when a company sets up payroll. The frequency of pay periods varies from company to company, but they commonly occur on a weekly,…

A Financial Statement Analysis Principles of Accounting, Volume 1: Financial Accounting

The income statement, statement of retained earnings, balance sheet, and statement of cash flows, among other financial information, can be analyzed. The analysis can help them with budgeting, deciding where to cut costs, how to increase revenues, and future capital investments opportunities. Vertical analysis requires numbers in a financial statement to be restated as percentages…

The Science of Step 1: How Being Powerless Empowers Your Recovery

You’re not alone—almost everyone has a hard time with Step 1 when they first get sober. In fact, much of the Twelve Steps require an explanation. This dilemma represents a significant public health challenge, as it often goes unnoticed or ignored due to social stigma, denial, or lack of awareness. Individuals struggling with alcoholism may…

How to Deal with Shame and Guilt in Recovery

Family-based interventions and family counseling not only benefit individuals in recovery but also contribute to the healing and growth of the entire family unit. One impactful therapeutic approach involves fostering self-compassion and reducing self-criticism. By encouraging individuals to treat themselves with kindness and understanding, therapists help to create a foundation of self-acceptance and forgiveness. This…

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