A cash book, or petty cash log, is a ledger for keeping track of small cash purchases. Some small businesses such as restaurants find cash books especially useful because these companies tend to need ...

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

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

Accrual basis accounting is typically the preferred method, but cash basis accounting may work for very small businesses. Many, or all, of the products featured on this page are from our advertising ...

While every public company uses accrual basis accounting in its financial reporting, it’s not the only bookkeeping standard out there. Cash basis accounting also has practical applications in business ...

Accrual accounting is one of the primary accounting methods and is based on the matching principle, which dictates that revenues and their associated expenses be recorded in the same accounting period ...

Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.