Financial statements provide nonprofits, their donors, grantors, lenders and constituents with detailed data on the nonprofits' financial stability and health. These statements also indicate how well ...

Most businesses handle their accounting on an accrual basis. What is accrual basis accounting? It’s the practice of recording transactions at the point of origination, even if no money changes hands ...

Owners and managers of storage companies face numerous challenges when it comes to planning and operating these facilities. One decision that can have far-reaching implications involves the selection ...

Accounting solutions provider Puzzle launched its next-generation software for automating both cash and accrual accounting. The release represents the company's expansion to serving all small ...

Bookkeeping is a method in which you track the books of your business—the actual accounting of your organization to make sense of everything that has gone on in your business. And having a bookkeeping ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Michael Boyle is an experienced ...

Relatively early in a law firm's existence, a decision is required concerning whether to report financial activities to the Internal Revenue Service on a "cash" or "accrual" accounting basis.

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 ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Suzanne is a content marketer, writer, ...

In the U.S., there are accounting standards known as Generally Accepted Accounting Principles (GAAP). They are the accounting standards used for all businesses in this country and provide principles ...

Accounting platform Digits announced the launch of Digits Accounting Agents, which CEO Jeff Seibert said can — when running on its Autonomous General Ledger product — automate 95% of the entire ...