Today's small-business owner most likely uses accounting software to maintain the books. The software records all transactions as they occur, both debits and credits and then runs reports of what is ...

Discover the crucial eight steps of the accounting cycle for accurate financial reporting and why they matter in business.

A cash book, or petty cash log, is a ledger for keeping track of small cash purchases. Some small businesses such as restaurants find cash books especially useful because these companies tend to need ...

As a busy business owner, you may not have much interest in basic accounting principles, such as maintaining a general ledger. While most accounting activities are best left to your accountant, ...