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

Discover the basics of account statements, including definitions, uses, features, and examples, to manage finances ...

T-accounting is a method used by accountants and bookkeepers that gets its name from the T shape formed by the two columns used to record entries. Also called double-entry accounting, T-accounting ...

Revenue accounts, as part of a ledger system, include sales revenue, services revenue, interest revenue and rent. For a beauty salon, all four of these broad revenue accounts in the ledger can be used ...

Discover how accounts payable function as short-term liabilities, not expenses, and learn how they impact a company's ...

Reconciling your bank transactions to your business book is essential to the financial health of your company. However, if you’ve never reconciled your company’s transactions before, the process can ...

Opinions expressed by Entrepreneur contributors are their own. One of the tools that can be used to assess the performance of your business or organization is a balance sheet. A balance sheet, which ...