This presentation we’re going to continue on with part two of recording our typical kind of month end type expenses like a telephone and utility type expenses Get ready, because here we go with aplos. Here we are in our not for profit organization dashboard, we’re going to be heading on over to Excel to see what our objective will be. So we’re going to be on over in Excel, we’re in the eighth tab. Last time, we made these first two ones green, because we did those ones. And now we’re going to continue to make the next one green, because that’s the next one we’re going to do, we’re going to be recording our expenses, this is going to be the utilities expense, I’m going to right click on that one, make it green.
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Accounts Payable AP Subsidiary Ledger 6
Hello. In this lecture we’re going to talk about the accounts payable subsidiary ledger accounts payable subsidiary ledger will be backing up the accounts payable account on the trial balance or the balance sheet. As we can see in the example here we have a balance of 1640 in accounts payable. If an owner asks the question of how much money do we owe to vendors? The answer would then be 1006 40, which we can see on the balance sheet or the trial balance. But the next question that will follow will be who do we owe that money to? And how do is it which of these vendors should we be paying? First? In order to answer that question, we may try to go to the detailed account, which is the general ledger. Typically every account is backed up by the general ledger, we can see that we have the same balance here and we can see that we have activity however, the activity is in order by date. And that’s not really helpful for us to determine who exactly we still owe at this point in time. In order to determine who we owe, we need to organize this information.