The accounting cycle tracks a transaction until it’s added to your company’s financial statement. Follow this eight-step ...

While bookkeeping and accounting are both essential business functions, there is an important distinction. Bookkeeping is responsible for the recording of financial transactions. Accounting is ...

Good bookkeeping is necessary to have the financial information you need to make sound business decisions. Many, or all, of the products featured on this page are from our advertising partners who ...

Discover how micro accounting works at personal, corporate, and government levels. Learn its processes and how it contrasts with macro accounting strategies.

Bookkeeping is probably the last thing small business owners want to be doing. However, recording financial transactions is essential for a small business’ stability. “It is vital that businesses have ...

Small-business bookkeeping involves setting up a framework, choosing your method and keeping track of details. Many, or all, of the products featured on this page are from our advertising partners who ...

Evan Tarver has 6+ years of experience in financial analysis and 5+ years as an author, editor, and copywriter. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert.

The accounting profession is undergoing a dramatic transformation as artificial intelligence and intelligent process ...

Many small businesses and charity groups lack the financial resources to hire a dedicated person or team to handle all of their bookkeeping needs. Fortunately, there are a handful of online ...

Last year, the Financial Accounting Standards Board (FASB) provided private companies with an extra year to adopt lease accounting standard ASC 842. When this was announced, 63.8% of surveyed private ...