Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

Businesses can choose between two accounting methods: cash and accrual. While sole proprietorships or small mom-and-pop businesses may choose the easier cash accounting method, larger companies use ...

Double-Entry Accounting: What It Means and How It Works Your email has been sent Double-entry accounting is a system of recording transactions in two parts, debits and credits. This method of ...

Financial accounting is a multi-step process for companies following double-entry methods. The first and most important step begins with a journal entry: the recording of financial information related ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Amy is an ACA and the CEO and founder of ...