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

Set up an accounts payable process to ensure vendors are paid on time, reduce duplicate payments, and maintain accurate financial records for your business.

Maintaining a general ledger helps you gauge a business's financial health and avoid accounting mistakes. Learn what a ...

Last year, the Financial Accounting Standards Board (FASB) provided private companies with an extra year to adopt lease accounting standard ASC 842. When this was announced, 63.8% of surveyed private ...

The handling of prepaid expense deferrals and expense accruals will be consistent with the last nine fiscal years. General Accounting processes all prepaid expense deferrals and accruals for all of ...

NORWALK, Conn.--(BUSINESS WIRE)--When the Financial Accounting Standards Board (FASB) issues a final standard, it means the FASB has concluded that the benefits derived from the standard justify the ...

The sales process can be arduous even when you have a steady flow of leads coming into your office and plenty of existing work sitting on your desk. Between the appointments that stand you up and ...

Busy business owners need automation to review the financial picture, not generate the data. Creating effective processes can generate efficiencies, streamline procedures, provide better reporting, ...

Learn about footings in accounting: how they function in balance sheets, their importance in finalizing balances, and a practical example to illustrate their use.

Payroll accounting helps employers stay on top of what they owe employees and understand how worker compensation impacts cash flow. Accounting is a critical part of every business, but have you heard ...

While significant accounting processes memos don't have the story line of your favorite novel, they do provide control over your company's financial reporting. Documentation of significant accounting ...

The sequence of accounting procedures is also referred to as the accounting cycle. The process of going from sales to end-of-month statements has several steps, all of which must be executed correctly ...