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 ...

Many businesses that do work for a client need to acquire goods or assets on behalf of the client in order to produce the agreed-upon work. For instance, a design firm would need domain names or ...

Minor small business accounting errors can have a significant effect on your business's finances. Learn the most common ...

Have you ever noticed employees submitting the same receipt for recurring charges? Or managers approving out-of-policy travel just because it's "urgent"? Have you caught reimbursements for mileage, ...

Christiana Jolaoso-Oloyede writes for media publications, B2B brands and nonprofits. Using her research, analytical and writing skills from her training as a lawyer, she focuses on garnering accurate ...

The following general ledger/commitment items are used to record expenses as category 2 and 3 of the Statement of Financial Activity (SoFA) report. The categories are outlined alphabetically. Each ...

Understand adjusting entries for accounting purposes, how they are made and what they impact. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

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

The whole rationale of the expense-account society—aside from the benefits reaped by free-spenders of the company’s money—is that the uninhibited use of high-priced food, liquor and gifts helps ...