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 ...

If you own a small business that offers group health insurance to employees, you likely pay a portion of the employee's premium while the employee pays the remainder. Each pay period, after making ...

If your small business used a mortgage for a home purchase, a journal entry affects the property, mortgage payable and cash accounts. If you paid all cash for a home, a journal entry affects the ...

Forbes contributors publish independent expert analyses and insights. Mike Kappel is the Founder of Patriot Software, LLC. Like it or not, managing your accounting books is all part of being a ...

A new AI-driven app called Talk is now available that allows business owners to audibly speak their daily personal and work transactions into the app, which then categorizes the transactions and ...

Learn how accruals function in finance, the difference between accrued revenue and expenses, and why accrual accounting is ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...