Tracking cash expenditures for your small business is a must for obvious reasons. If you do not track cash and implement strict guidelines regarding its use, your business can hemorrhage mega profits ...

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software. Accounting often starts simple: a few transactions, a basic spreadsheet, and a clear ...

With accrual accounting, a business records revenue or expenses when a transaction occurs using the double-entry accounting ...

Merchandise inventory is the goods and products that a business buys to resell to customers. When your small business buys merchandise from a supplier you must record the purchase in a journal entry ...

Last week in a discussion with a business coaching client, I asked if she had updated bookkeeping and accounting records that would help her make the best business decision for a big question about ...

Accounting is a foundational process for every business, no matter how big or small. Learn what accounting is, why it matters and how to make it work for you. Keeping accurate financial records is the ...

Book balance is the amount of money a company believes it has based on its accounting. What Is Book Balance? A book balance is a running tally of a company’s account balance based on all transactions.

While having a solid handle on your business’s finances is essential, how you track business expenses and income may differ from how other small businesses conduct their accounting. Becoming ...