Learn how a general ledger supports double-entry accounting, compiling vital transaction data for accurate financial ...

Tracking cash expenditures for your small business is a must for obvious reasons. If you do not track cash and implement strict guidelines regarding its use, your business can hemorrhage mega profits ...

Merchandise inventory is the goods and products that a business buys to resell to customers. When your small business buys merchandise from a supplier you must record the purchase in a journal entry ...

Discover how accrual accounting records revenue and expenses when transactions occur, using the double-entry accounting ...

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software. Accounting often starts simple: a few transactions, a basic spreadsheet, and a clear ...

The accounting cycle is the backbone of financial management and reporting. From recording transactions to preparing financial statements, each stage of the accounting cycle plays an important role in ...

While having a solid handle on your business’s finances is essential, how you track business expenses and income may differ from how other small businesses conduct their accounting. Becoming ...

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 ...