A common accounting cycle in any given business often has nine or 10 steps, depending on the procedures outlined by the given accounting department. Each step in the accounting cycle plays an ...

When running a small construction business, you need to account for your revenues and expenses. You can achieve this task by following the accounting cycle -- that is, the chronological events of ...

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

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 ...

Like it or not, managing your accounting books is all part of being a business owner. And if you’re like the majority of entrepreneurs, you probably worry about making accounting mistakes that can ...

Brian Beers is a digital editor, writer, Emmy-nominated producer, and content expert with 15+ years of experience writing about corporate finance & accounting, fundamental analysis, and investing.

Learn about accounting interpretations, why they matter, and how they clarify standards, prevent errors, and provide consistency in financial reporting.

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. To understand the financial health of your business, ...