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

Accountants can use any one of three methods for calculating inventory value and cost to keep a business in compliance with accepted accounting standards. Each method can present different problems ...

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

Payroll accounting includes paying employee wages, maintaining payroll records for each employee, paying and filing payroll taxes and complying with federal and state payroll laws. An employee's gross ...

Book balance is the amount of money a company believes it has based on its accounting. What Is Book Balance? A book balance is a running tally of a company’s account balance based on all transactions.

What Is a General Ledger? How It Works, Importance, Examples Your email has been sent A general ledger provides a complete record of financial transactions for a business. Learn how it works, why it ...

Last week in a discussion with a business coaching client, I asked if she had updated bookkeeping and accounting records that would help her make the best business decision for a big question about ...