Financial accounting is a multi-step process for companies following double-entry methods. The first and most important step begins with a journal entry: the recording of financial information related ...

The QuickBooks program is designed to automate certain aspects of financial management and accounting, and can help you manage your business accounts. QuickBooks records certain data automatically ...

The accounting cycle tracks a transaction until it’s added to your company’s financial statement. Follow this eight-step ...

Brian Beers is a digital editor, writer, Emmy-nominated producer, and content expert with 15+ years of experience writing about corporate finance & accounting, fundamental analysis, and investing.

Every time a company processes a payroll, it should record a payroll entry in an accounting system. Remember that your journal entry must balance all the debit entries with corresponding credit ...