Double-entry accounting is a bookkeeping method that records two entries (one debit and one credit) for each business transaction.

When accountants think about software for nonprofits, they typically are talking about accounting systems. But nonprofits, especially those that are government entities, have different needs in an ...

The note corresponds to a debit note in an accounting log, serving as a record of a revision. Business-to-business transactions use both debit and credit notes.

A trial balance is the sum of all credit and debit balances at the end of an accounting period and/or fiscal year before closing entries are made.