Use a suspense account when you buy a fixed asset on a payment plan but do not receive it...

These accounts may include the Income Statement and Balance Sheet. Unlike Operating Expenses, the Non-Operating Incomes and Expenses are...

Petty Cash is also the title of the general ledger current asset account that reports the amount of the...

That way, you can be well prepared when it’s time to file taxes with the IRS. A bookkeeper is...

Payroll accounting is the recording of all payroll transactions in your books. As a business owner, you use payroll...

The exact services, duration, and fees of the relationship with your accountant should be spelled out in writing. Just...