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

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

Accounting is the process of keeping track of all financial transactions within a business, such as any money coming in and money going out. It’s not only important for businesses in terms of record ...

Accounting is a foundational process for every business, no matter how big or small. Learn what accounting is, why it matters and how to make it work for you. Keeping accurate financial records is the ...

An integral process of accounting, the month-end close is sometimes a challenge for organizations, often due to the high volume of work. Many companies are still using the manual status quo, which can ...

The handling of prepaid expense deferrals and expense accruals will be consistent with the last nine fiscal years. General Accounting processes all prepaid expense deferrals and accruals for all of ...

Restaurant accounting has specific needs and features. Here's a look at restaurant accounting methods and expenses, how tips ...

Many companies use some type of system to determine the minimum value of produced products. Process costing is an allocation system companies use to allocate cost for homogeneous items produced by a ...