Businesses provide products or services in exchange for money. The purpose of accounting is to record these financial exchanges or transactions. Simply put, accounting transactions are records kept of ...

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 ...

Learn the two GAAP criteria for revenue recognition and how companies can accurately report on their financial statements ...

Accounting and bookkeeping are critical functions for a corporation of any size. State laws require corporations to have at least an annual meeting of the board of directors, and the financial ...

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

Raise your hand if you think that a lawsuit for an accounting by the managers of an LLC simply means they have to turn over financial records. If you raised your hand, read on. If not, you can skip ...

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

The Financial Accounting Standards Board issued a proposed accounting standards update Wednesday offering guidance for debt exchange transactions involving multiple creditors. Processing Content The ...

Reconciling a business bank account is the process of checking recorded transactions against those reflected on bank statements. From there, you’ll note which transactions aren’t reflected in both ...

Not all forms of accounting are the same. Some focus on costs, others on audits and some focus on taxes. While having a solid handle on your business’s finances is essential, how you track business ...