Learn how double-entry accounting records transactions twice, ensuring balance and accuracy by showing both a credit and a ...

Companies record every transaction in their accounting books based on the double-entry system. Because every transaction involves certain kinds of monetary exchanges between at least two business ...

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

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

Many businesses pay for blocks of certain services up front. These services retain a monthly value to the business but may not be expensed, or charged to an expense account, in full at the time the ...

Until 1991, the accounting profession was largely guided by historical cost, transaction-based accounting.Granted, fair market value and historical cost at the point of the transaction were deemed ...

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 ...

Sale and leaseback transactions have long been popular because they present benefits to both seller-lessees and buyer-lessors. The accounting for such transactions has changed significantly, though, ...

BOSTON--(BUSINESS WIRE)--CFGI, a national provider of high-end technical accounting and finance advisory services, today announced it has acquired Pine Hill Group, a leading accounting and transaction ...