Good bookkeeping is necessary to have the financial information you need to make sound business decisions. Many, or all, of the products featured on this page are from our advertising partners who ...

While bookkeeping and accounting are both essential business functions, there is an important distinction. Bookkeeping is responsible for the recording of financial transactions. Accounting is ...

Bookkeeping is probably the last thing small business owners want to be doing. However, recording financial transactions is essential for a small business’ stability. “It is vital that businesses have ...

Learn how double-entry accounting records transactions twice, ensuring balance and accuracy by showing both a credit and a ...

Small-business bookkeeping involves setting up a framework, choosing your method and keeping track of details. Many, or all, of the products featured on this page are from our advertising partners who ...

Evan Tarver has 6+ years of experience in financial analysis and 5+ years as an author, editor, and copywriter. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert.

The accounting cycle tracks a transaction until it’s added to your company’s financial statement. Follow this eight-step ...

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 ...

End-of-the-month accounting procedures are the tasks required to ensure that all of a small business' financial records are balanced before the start of a new month. A bookkeeper or accountant ...

Many small businesses and charity groups lack the financial resources to hire a dedicated person or team to handle all of their bookkeeping needs. Fortunately, there are a handful of online ...

The accounting profession is undergoing a dramatic transformation as artificial intelligence and intelligent process ...