A property settlement statement details the distribution of property assets resulting from a divorce. If you own a small business, and especially if you and your spouse own a small business together, ...

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

The general ledger is a vast historical data archive of your company’s financial activities, including revenue, expenses, adjustments, account balances, and often much more. The detailed transactions ...

Learn what a contra liability account is, how it functions in financial accounting, and explore examples of this essential component in balancing liabilities.

The accounting general ledger is a report that provides a detailed description of every general ledger account and the transactions that make up the balance in that account. The general ledger holds ...