An important part of the monthly closing cycle for your small business's general ledger is reviewing the trial balance and posting adjusting entries to recognize accruals, prepaid expenses and correct ...

At the end of an accounting period, a company typically needs to post some adjusting journal entries to ensure their accounting records conform with generally accepted accounting principles. Adjusting ...

Evan Tarver has 6+ years of experience in financial analysis and 5+ years as an author, editor, and copywriter. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert.

Financial tracking is vital to business success because it helps business owners understand and monitor their financial health at all times. Proper financial oversight requires an understanding of the ...

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