Post adjusting entries

There are five types of adjusting entries:

• Accruals :An accrual involves an event that has occurred for which the related cash flow has not yet taken place.
  1. Accrued revenue—The company has delivered a product or service to a customer  but has not yet been paid.
  2. Accrued expense—The company has used up a good or service but not yet paid for it.

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Accounting Clerk Job Description

Description: Accounting Clerk

Accounting Clerk Job Purpose: Supports accounting operations by filing documents; reconciling statements; running software programs.

Accounting Clerk Job Duties:

• Maintains accounting records by making copies; filing documents.
• Reconciles bank statements by comparing statements with general ledger.
• Maintains accounting databases by entering data into the computer; processing backups.

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