Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Double-Entry Accounting: What It Means and How It Works Your email has been sent Double-entry accounting is a system of recording transactions in two parts, debits and credits. This method of ...

If your small business used a mortgage for a home purchase, a journal entry affects the property, mortgage payable and cash accounts. If you paid all cash for a home, a journal entry affects the ...

A new AI-driven app called Talk is now available that allows business owners to audibly speak their daily personal and work transactions into the app, which then categorizes the transactions and ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Timothy Li is a consultant, accountant, ...

A foreign-currency transaction is one that requires settlement, either payment or receipt, in a foreign currency. When the exchange rate changes between the original purchase or sale transaction date ...

Discover how accounting software aids financial transactions, simplifies audits, and saves space. Explore types, benefits, ...