Accounting for a letter of credit on your balance sheet depends on when you use it. One issued by your financial institution acts as a credit substitute. That institution, often a bank, steps into ...

If you’ve ever wondered what your bank is invested in, there’s good news for you. Yes, good news, even now with everyone worried about the safety and soundness of their bank — because as it happens, ...

As a business owner, keeping an eye on your bank balance is one of the most essential things you will do. After all, it can determine how much you can spend on new equipment, staff, marketing, and ...

Julia is a writer in New York and started covering tech and business during the pandemic. She also covers books and the publishing industry. With over a decade of editorial experience, Rob Watts ...

A balance sheet is a type of financial statement that lists a company's assets, liabilities, and shareholders' equity. The assets should be in "balance" and equal the total liabilities and ...

Reconciling your bank transactions to your business book is essential to the financial health of your company. However, if you’ve never reconciled your company’s transactions before, the process can ...

Few companies thrive and grow without some kind of outside financing. Acquiring assets, launching projects, expanding into new locations or business sectors -- these all take capital, and lots of it.

When you want to know a company’s financial health, it helps to look at its balance sheet. But if you’ve never seen a balance sheet before or don’t know how to read one, all you’ll see is a collection ...