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

Discover when businesses must use accrual accounting and how it differs from cash accounting. Learn why it's essential for ...

How Ledgers and Journals Are Used in Accounting Get an overview of these fundamental bookkeeping tools. Ledgers and journals are the foundational tools used in the bookkeeping process. A ledger is a ...

Take an in-depth look at the treatment of revenues and expenses within the accrual method of accounting and learn why many consider it superior to cash accounting.

Maintaining a general ledger helps you gauge a business's financial health and avoid accounting mistakes. Learn what a ...

F or many years, the IRS clashed over the cash method of accounting with small business taxpayers who provided services as the mainstay of their business but who were categorized as inventory ...