Accounting for your small business must be very clear. In the event of a audit, an auditor needs to be able to follow transactions clearly to understand them. This is ...

When a corporation can't collect on a delinquent customer receivable, the customer account is written off, or removed, from the corporation's accounts receivable ...

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

The double-entry system protects your small business against costly accounting errors. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you ...

Double-Entry Accounting: What It Means and How It Works Your email has been sent Double-entry accounting is a system of recording transactions in two parts, debits and credits. This method of ...