Difference between revisions of "Net pay"

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According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
:[[Net pay]]. Gross earnings, less deductions. Net pay, or take-home pay, is what the worker actually takes home.
 
:[[Net pay]]. Gross earnings, less deductions. Net pay, or take-home pay, is what the worker actually takes home.
 
==Related concepts==
 
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
 
 
==Related coursework==
 
*[[Principles of Accounting]].
 
 
[[Category: Accounting]][[Category: Articles]]
 
 
[[Payroll register]] is a multicolumn form that is used to record payroll data.
 
 
 
==Definitions==
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
:[[Payroll register]]. A multicolumn form that is used to record payroll data.
 
 
==Related concepts==
 
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
 
 
==Related coursework==
 
*[[Principles of Accounting]].
 
 
[[Category: Accounting]][[Category: Articles]]
 
 
[[Individual employee earnings record]] is an accounting document that summarizes the total amount of wages paid and the deductions for the calendar year. It aids in preparing governmental reports. A new record is prepared for each employee each year.
 
 
 
==Definitions==
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
:[[Individual employee earnings record]]. An accounting document that summarizes the total amount of wages paid and the deductions for the calendar year. It aids in preparing governmental reports. A new record is prepared for each employee each year.
 
 
==Related concepts==
 
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
 
 
==Related coursework==
 
*[[Principles of Accounting]].
 
 
[[Category: Accounting]][[Category: Articles]]
 
 
[[Experience rating]] ([[merit rating]]) is a rate assigned by an insurance company to determine the cost of insurance coverage. This rate is based on the physical difficulty of jobs within various industries and the history/cost of prior employee accident claims submitted.
 
 
 
==Definitions==
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
:[[Experience rating]] ([[merit rating]]). A rate assigned by an insurance company to determine the cost of insurance coverage. This rate is based on the physical difficulty of jobs within various industries and the history/cost of prior employee accident claims submitted.
 
 
==Related concepts==
 
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
 
 
==Related coursework==
 
*[[Principles of Accounting]].
 
 
[[Category: Accounting]][[Category: Articles]]
 
 
[[Expanded accounting equation]] is [[Assets]] = [[Liabilities]] + [[Owner's Capital]] - [[Owner's Withdrawals]] + [[Fiscal Revenue|Revenue]] - [[Expenses]].
 
 
 
==Definitions==
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
:[[Expanded accounting equation]]. [[Assets]] = [[Liabilities]] + [[Owner's Capital]] - [[Owner's Withdrawals]] + [[Fiscal Revenue|Revenue]] - [[Expenses]].
 
 
==Related concepts==
 
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
 
 
==Related coursework==
 
*[[Principles of Accounting]].
 
 
[[Category: Accounting]][[Category: Articles]]
 
 
[[Ending capital]] is [[Beginning Capital]] + Additional Investments + [[Net income]] - [[Owner's Withdrawals]] = [[Ending Capital]]. ''Or'' Beginning Capital + Additional Investments - [[Net loss]] - [[Owner's Withdrawals]] = Ending Capital
 
 
 
==Definitions==
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
:[[Ending capital]]. Beginning Capital + Additional Investments + [[Net income]] - [[Owner's Withdrawals]] = Ending Capital. ''Or'' Beginning Capital + Additional Investments - [[Net loss]] - [[Owner's Withdrawals]] = Ending Capital
 
 
==Related concepts==
 
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
 
 
==Related coursework==
 
*[[Principles of Accounting]].
 
 
[[Category: Accounting]][[Category: Articles]]
 
 
[[Footing]] is the total of each side of a [[T-account|T account]].
 
 
 
==Definitions==
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
:[[Footing]]. The totals of each side of a [[T-account|T account]].
 
 
==Related concepts==
 
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
 
 
==Related coursework==
 
*[[Principles of Accounting]].
 
 
[[Category: Accounting]][[Category: Articles]]
 
 
[[Ending balance]] is the difference between two [[footing]]s in a [[T-account|T account]].
 
 
 
==Definitions==
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
:[[Ending balance]]. The difference between [[footings]] in a [[T-account|T account]].
 
 
==Related concepts==
 
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
 
 
==Related coursework==
 
*[[Principles of Accounting]].
 
 
[[Category: Accounting]][[Category: Articles]]
 
 
[[Interim report]] is a fiscal statement that is prepared for a month, quarter, or some other portion of the [[fiscal year]].
 
 
 
==Definitions==
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
:[[Interim report]]. A fiscal statement that is prepared for a month, quarter, or some other portion of the [[fiscal year]].
 
  
 
==Related concepts==
 
==Related concepts==

Revision as of 05:10, 20 December 2018

Net pay is gross earnings, less deductions. Net pay, or take-home pay, is what the worker actually takes home.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Net pay. Gross earnings, less deductions. Net pay, or take-home pay, is what the worker actually takes home.

Related concepts

Related coursework