Discover how general ledgers and general journals work together in double-entry bookkeeping to track financial data accurately and efficiently for your business.

The accounting cycle involves a number of steps that are repeated in each reporting period as they correspond to the business processes. They verify the transactions and are implemented to prepare ...

Cash- and accrual-based business accounting are two methods for tracking financial performance. Learn which is right for your business.

Businesses are increasingly accepting crypto-assets as payment, paying in cryptoassets, or holding cryptoassets as investments, but CFOs must not confuse cryptoassets with electronic cash that links ...

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 ...

When a company wants to buy your small business or merge with your organization, you must work with that company to prepare your accounting ledgers. The way you value assets and account for stock in ...

Most CPAs are familiar with the tax benefit of using an interest charge – domestic international sales corporation, or IC-DISC. What many do not realize is the additional benefit that can be generated ...

Take everything you know about accountancy and throw it out of the window. New technologies, combined with the changes with remote work policies, are set to shake up the world of small business ...

No matter how meticulous finance teams are, mistakes happen. In fact, it's estimated that accounting errors and manual financial reporting cost U.S. businesses around $7.8 billion a year. And those ...

Thanks to AI, the accounting profession is experiencing a significant shift. Researchers from Columbia University and elsewhere found that native AI agents within enterprise resource planning (ERP) ...