General Ledger

What are Operating Expenses? (Explanation) – Ledger Bench

Operating expenses are incurred by businesses to keep the business going, includes staff wages, supplies not include manufacturing cost. Operating expenses does not include manufacturing cost or cost of goods… Read more
PPP Loans

5 Things You Need to Know Regarding PPP Loans Amidst Covid-19

In the wake of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the United States has conferred an additional $310 billion funding to the Paycheck Protection Program (PPP)… Read more
General Ledger

A Beginners Guide to General Ledger – LedgerBench

General Ledger Read more

What is IRS Form 1099? All about 1099 – Ledger Bench

IRS Form 1099 is the IRS form for filing taxes. It is used by companies to report payments made other than salaries, regular wages or tips which are reported through… Read more
Business Continuity Plan

What is a Business Continuity Plan? | Ledger Bench

The unanticipated Corona outbreak has left the global economy and businesses in a state of anarchy. While businesses are still trying to figure out the best way to survive during these… Read more
IFRS 15

What is IFRS 15 revenue recognition?

The Revenue Recognition Principle is the concept that determines how revenue should be recognized and reflected in a business’ balance sheets and Financial Preparation services statements. It differs in how… Read more