Brex reports T-accounts as essential visual tools in accounting that clarify how transactions impact debits and credits, ...

Discover how accruals affect company finances, with insights into the accrual accounting method, its applications, and ...

When times get tough, the tough get going. While the COVID-19 pandemic led to the demise of some small businesses, the uncertainty sparked a wave of entrepreneurial spirit in many, spurring the launch ...

An accountant uses a suspense account, a temporary account in the business chart of accounts, for recording all or part of a transaction that she doesn't know how else to code. When she identifies the ...

But to really maximize these tax savings, business owners have to be organized. Having accurate numbers, maintaining receipts ...

Accounting gives a business a way to keep track of its liabilities and expenses. In terms of liability vs. expense accounts, a liability refers to a financial obligation, or upcoming duty to pay. An ...

Cash- and accrual-based business accounting are two methods for tracking financial performance. Learn which is right for your business.

Law firm bookkeeping is the day-to-day recording of your financial transactions. Think of it as the foundation of your ...

The Neat Company, which offers expense tracking and bookkeeping automation for small businesses, added multi-account access and a new partner portal Wednesday for accounting and bookkeeping firms.

Brex reports that a business bank account provides legal protection, credibility, simplifies bookkeeping, aids tax prep, and enhances security.