1 The above figures place the cost of the addition at $124 per square foot. 2  This pricing structure assumes that carpenters charge an average of $70 per hour, electricians between $65 to $85 per hour, and painters between $20 and $35 per hour.
Generally speaking, this field is what is used to capture the detailed explanation of the business reason behind the expenses that are included on the report. On expense reports that are created using the Business Expenses template, not all expenses on the report may be related to each other.
With software, you record a check that you wrote and in the background, the expense account is automatically debited and is then posted to your accounting ledger for you, saving you time. First, you must know how to decide whether the account should be credited or debited. This is done with accounting journal entries. general ledger, which is simply a collection of your account charts, is a simple and effective way to view spending and to keep your business on track. The general ledger is used in conjunction with accounting journal entries.