Assets refer to resources that can be converted into cash. Learn how assets work, the various types of assets, how to determine an asset's value and more.

Keeping accurate accounting records is an important part of running a successful small business. In addition to protecting your business in case of an audit, organized records help provide a picture ...

Accounting is the structured way you record, organise, and review a company’s financial activities. It helps you track where money comes from, where it goes, and what it means for the business. Once ...

Cost accounting provides the management of a company with the information it needs to operate the business effectively. It differs from financial accounting in its focus on principles of costing, ...

Bookkeeping for an online small business can range in complexity from a few simple expense categories to a full system with dozens of categories and subcategories. When you first set up a bookkeeping ...

An expense account sounds simple enough, but it actually means two different things in business. First, it’s the process that lets employees pay for work expenses and get reimbursed by their company.