Most businesses handle their accounting on an accrual basis. What is accrual basis accounting? It’s the practice of recording transactions at the point of origination, even if no money changes hands ...

Bookkeeping is a method in which you track the books of your business—the actual accounting of your organization to make sense of everything that has gone on in your business. And having a bookkeeping ...

Accounting solutions provider Puzzle launched its next-generation software for automating both cash and accrual accounting. The release represents the company's expansion to serving all small ...

Owners and managers of storage companies face numerous challenges when it comes to planning and operating these facilities. One decision that can have far-reaching implications involves the selection ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Charlene Rhinehart is a CPA , CFE, chair of ...

The handling of prepaid expense deferrals and expense accruals will be consistent with the last nine fiscal years. General Accounting processes all prepaid expense deferrals and accruals for all of ...

Bookkeeping is the process of maintaining an accurate record of a company's business transactions. Business reports are generated using bookkeeping numbers and used to help maintain profitability.

There are probably few things that small businesses hate more than accounting. It’s tedious, time consuming and totally vital to ensure that businesses can remain in business and don’t run afoul of ...

Relatively early in a law firm's existence, a decision is required concerning whether to report financial activities to the Internal Revenue Service on a "cash" or "accrual" accounting basis.

When retailers started asking Ashley Nickelsen, founder and CEO of B.T.R. NATION if they could carry her sugar-free protein bars, she realized she needed more cash on hand to make them. “The world of ...

In the U.S., there are accounting standards known as Generally Accepted Accounting Principles (GAAP). They are the accounting standards used for all businesses in this country and provide principles ...