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

At the end of an accounting period, certain accounts are closed so they have a zero balance at the beginning of the new accounting period. The act of zeroing these accounts is called closing entries.

Expenses are an unavoidable cost of doing -- and staying in -- business. When a business incurs an expense, there are two accounting methods it may use to record the expense to its books -- the cash ...

Take an in-depth look at the treatment of revenues and expenses within the accrual method of accounting and learn why many ...

Discover when businesses must use accrual accounting and how it differs from cash accounting. Learn why it's essential for ...

Restaurant accounting has specific needs and features. Here's a look at restaurant accounting methods and expenses, how tips ...

For decades, employee expense reporting has followed a familiar path: employees submit reports, managers approve them and the accounting department performs a final review. This workflow made sense ...