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

If you own a business, you must periodically build a balance sheet for tax purposes. A balance sheet also gives you an indication of your company's financial health. If you hire employees, their wages ...

Journal entries are the basic, essential building blocks that are used to create a company's balance sheet and income statement. Adjusting journal entries are used by all companies that comply with ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Dr. JeFreda R. Brown is a financial ...

Accounting and bookkeeping are complex practices that require the ability to keep track of countless transactions. There’s always money coming in and going out of a business. To ensure it’s all ...