Discover how accruals affect company finances, with insights into the accrual accounting method, its applications, and examples illustrating its principles.

Accountants can use any one of three methods for calculating inventory value and cost to keep a business in compliance with accepted accounting standards. Each method can present different problems ...

A company uses a cash over and short account to show a discrepancy between the company's sales records and other reported figures and its audited accounts. For example, if the cash in the register is ...

Cash- and accrual-based business accounting are two methods for tracking financial performance. Learn which is right for your business.

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software. Accounting often starts simple: a few transactions, a basic spreadsheet, and a clear ...