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

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

Financial accounting refers to the generally accepted accounting principles used to create financial statements for the public, while tax accounting follows the rules of the Internal Revenue Service.

Learn about footings in accounting: how they function in balance sheets, their importance in finalizing balances, and a ...

While large corporations and publicly traded companies must follow the financial accounting, small businesses have the choice of using either the financial accounting method or the tax accounting ...

When a business engages in any economic activity, such as selling goods, purchasing supplies or paying salaries, these events must be recorded in the financial books. This is the first phase of the ...

The International Financial Reporting Standards Foundation has published a set of near-final examples showing how companies can improve the reporting of uncertainties in their financial statements ...

Accounting is vital to a business’s financial hygiene; here’s everything entrepreneurs need to know about it. Many, or all, of the products featured on this page are from our advertising partners who ...

Ecommerce businesses often face accounting challenges that go beyond bookkeeping errors. Many of these issues begin with ...

A transfer is the movement of funds between accounting elements within the University. The following sections will provide general guidelines for University transfers and specific information for FY ...