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

Sale and leaseback transactions have long been popular because they present benefits to both seller-lessees and buyer-lessors. The accounting for such transactions has changed significantly, though, ...

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 ...

Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development. Before joining the team, she was a Content Producer at Fit Small ...

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 ...

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 ...

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

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) ...

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 ...