When your business uses accrual accounting, expenses are recognized when a product or service is used instead of when it is paid for.. For example, your business may hire a cleaning crew quarterly to ...

Whether you're a small business owner or the manager of a corporate accounting department, you may need to know how to make adjusting entries for accrued interest on bonds. Adjusting entries are ...

You’re fresh out of college, a new hire at the local CPA firm. It’s your first tax season, and you’re handed a business tax return to prepare. As you peruse the file, you notice that in preparing the ...