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HR Finance 101: A Guide To Finance for HR

AIHR

A debit is an entry that increases the value of an asset or expense in an account or decreases the value of equity or liability. A credit increases a liability or equity or decreases the value of an asset or expense in an account. A transaction is entered into an accounting record, typically in the ledger.

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Capital Expenditure Budget Examples In The Healthcare Management Industry

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Cash is the most liquid asset of any business, including hospitals and clinical services. Within this, basic accounting terms must be familiar to the hospital manager, such as accounts receivable (AR), which involves money owed to the organization. However, the capital budgeting process involves much more long-term assets.

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