Accounting is the process of keeping track of all financial transactions within a business, such as any money coming in and money going out.

Frequently asked questions What is a simple definition of accounting? Accounting consists of tracking financial transactions and analyzing what they mean for your business.

Revenue recognition is a generally accepted accounting principle (GAAP) that identifies the specific conditions where revenue ...

What Are the Three Stages of Accounting?. Regardless of the size of a business, the same accounting process takes place. While timing may be slightly different, such as starting the month on the ...

Payroll accounting is the process by which businesses track expenses related to payroll. Learn more about it and how accounting software can help.