Liabilities includes all credit accounts on which your business owes principal and interest. These debts typically result from the use of borrowed money to pay for immediate asset needs. Long-term ...

The accounting cycle tracks a transaction until it’s added to your company’s financial statement. Follow this eight-step process to organize the data.

Basic accounting provides information to identify and classify financial transactions. Business owners often need basic accounting skills to manage their company's financial information. Business ...

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 ...