A general ledger is an accounting record book in which you maintain a record of transactions for each of your company's accounts. The source of information for each transaction is typically your ...

Journal entries are the basic, essential building blocks that are used to create a company's balance sheet and income statement. Adjusting journal entries are used by all companies that comply with ...

Accounting and bookkeeping are complex practices that require the ability to keep track of countless transactions. There’s always money coming in and going out of a business. To ensure it’s all ...

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

A company’s general ledger function requires regular upkeep to streamline the number of accounts, store the most current information in readily accessible locations and contribute to a quick, ...

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

As a busy business owner, you may not have much interest in basic accounting principles, such as maintaining a general ledger. While most accounting activities are best left to your accountant, ...