Discover how double-entry bookkeeping maintains financial balance through debits and credits in a general ledger. Understand ...

Accountants that tend toward the traditional system of accounting in which all transactions get posted into a general journal can use the Journal Entry in QuickBooks to maintain a general ledger. You ...

Journal entries are necessary for adjusting the balances of ledger accounts for a variety of reasons, including recognizing accruals, liabilities and other expenses. If an entry posts incorrectly, it ...

Proper bookkeeping is an unavoidable task when running a small business, but learning how to keep accounts as a business owner can be stressful. That’s why we’ve designed this simple, ...

Accounting and bookkeeping are complex practices that require the ability to keep track of countless transactions. There’s always money coming in and going out of a business. To ensure it’s all ...

The evolution of ledger systems can be traced back to the early days of human civilisation, where simple record-keeping forms were used to track transactions and assets. Over time, the development of ...

The top-side journal entry is most susceptible to fraud by management override. It’s possible to make adjustments in subledgers, but this requires collusion with other organizational departments, ...

In the modern business landscape, efficiently managing financial operations is crucial for sustaining growth, maintaining compliance, and ensuring accurate reporting. Traditional accounting methods, ...

This article corresponds with David Mondrus’ January 29th post entitled “In Mining, We Trust” to the extent that this piece explains from an accounting perspective why a distributed public ledger ...

We are a team of writers, experimenters and researchers providing you with the best advice with zero bias or partiality. Proper bookkeeping is an unavoidable task when running a small business, but ...