Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Accounting is the process of keeping track of all financial transactions within a business, such as any money coming in and money going out. It’s not only important for businesses in terms of record ...

A University of New Haven education means power," says Caroline Consorte ’16, ’17 MBA, a staff accountant at Marcum, one of the largest independent public accounting and advisory services firms in the ...

An integral process of accounting, the month-end close is sometimes a challenge for organizations, often due to the high volume of work. Many companies are still using the manual status quo, which can ...

Accounting is a foundational process for every business, no matter how big or small. Learn what accounting is, why it matters and how to make it work for you. Keeping accurate financial records is the ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. David Kindness is a Certified Public ...

Information technology has changed the way that just about every industry functions including accounting. While you might not be able to afford an in-house accountant, technology makes it effective ...

The handling of prepaid expense deferrals and expense accruals will be consistent with the last nine fiscal years. General Accounting processes all prepaid expense deferrals and accruals for all of ...

Many companies use some type of system to determine the minimum value of produced products. Process costing is an allocation system companies use to allocate cost for homogeneous items produced by a ...