Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

Accountants record transactions between buying companies and selling companies differently depending on when the transfer of purchased goods actually occurs. Which company pays for shipping charges to ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Businesses use accounting methods to record and monitor financial transactions, such as income, expenses, liabilities and assets. The dual or double-entry method, requires recording each transaction ...

Take an in-depth look at the treatment of revenues and expenses within the accrual method of accounting and learn why many ...

Like it or not, managing your accounting books is all part of being a business owner. And if you’re like the majority of entrepreneurs, you probably worry about making accounting mistakes that can ...

Double-Entry Accounting: What It Means and How It Works Your email has been sent Double-entry accounting is a system of recording transactions in two parts, debits and credits. This method of ...

Minor small business accounting errors can have a significant effect on your business's finances. Learn the most common ...