Maintaining a general ledger helps you gauge a business's financial health and avoid accounting mistakes. Learn what a ...

To a seasoned professional in the business industry, many concepts seem very simple. However, things like general ledgers and accounting can seem daunting to a new business owner. Chief Financial ...

How Ledgers and Journals Are Used in Accounting Get an overview of these fundamental bookkeeping tools. Ledgers and journals are the foundational tools used in the bookkeeping process. A ledger is a ...

The method business accountants use to record transactions of business activity into the general ledger requires that each transaction posted involves at least one debit and one credit. In standard ...

Managing your business effectively means understanding the overall function of your general ledger and financial reporting. If you sell products, your profit margins are a key factor in determining ...

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

Financial accounting is a specific type of accounting that uses standardized processes and guidelines for businesses to record their financial transactions and prepare financial statements for ...