Discover how accounts payable function as short-term liabilities, not expenses, and learn how they impact a company's ...

Discover when businesses must use accrual accounting and how it differs from cash accounting. Learn why it's essential for ...

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

Many businesses that do work for a client need to acquire goods or assets on behalf of the client in order to produce the agreed-upon work. For instance, a design firm would need domain names or ...

Minor small business accounting errors can have a significant effect on your business's finances. Learn the most common ...

The following general ledger/commitment items are used to record expenses as category 2 and 3 of the Statement of Financial Activity (SoFA) report. The categories are outlined alphabetically. Each ...

Have you ever noticed employees submitting the same receipt for recurring charges? Or managers approving out-of-policy travel just because it's "urgent"? Have you caught reimbursements for mileage, ...

Christiana Jolaoso-Oloyede writes for media publications, B2B brands and nonprofits. Using her research, analytical and writing skills from her training as a lawyer, she focuses on garnering accurate ...

Restaurant accounting has specific needs and features. Here's a look at restaurant accounting methods and expenses, how tips ...

Let's be honest, it's hard to get excited about expense tracking software. For employers, the goal is to keep up-to-the-minute financial records; for employees, they just want to upload their receipts ...

The whole rationale of the expense-account society—aside from the benefits reaped by free-spenders of the company’s money—is that the uninhibited use of high-priced food, liquor and gifts helps ...