When a business wants to financially thrive and retain or improve its position in the marketplace, its owner or management team develops sound accounting policies and procedures. Even small businesses ...

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 ...

Should a small business use a cash or accrual accounting method? A CPA answers with examples. If you are an entrepreneur or small business owner, it is a good idea to familiarize yourself with both ...

With cash accounting, bookkeeping is simple: You don't record any transactions until money actually changes hands, Accounting Tools says. With accrual accounting, you record transactions as soon as ...