The accounting cycle involves updating, changing and verifying financial transactions during the course of business operations. Recording and posting in accounting are part of this cycle, and though ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Learn the essential components and how-to of an accounting manual, a vital resource containing your business's accounting policies, procedures, and guidelines.

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 ...

As with all businesses, a manufacturing company uses a sequence of events known as an accounting cycle to prepare financial statements. Being a manufacturer brings some specific requirements, notably ...