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

The general ledger plays an important role in the accounting process. Most businesses use a two-entry financial accounting system where transactions are first recorded in a general journal and later ...

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 ...

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

When it comes to tracking the finances of a business, a double-entry accounting system that uses both a general ledger and a general journal is usually the best method for tracking a company's overall ...

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 ...