Accounting divides your company assets into two classes: current and long-term. Current assets include cash and anything you use up or convert to cash over the next 12 months. Typical examples are ...

Accounting uses a lot of abbreviations. GL for general ledger, DR for debit, CR for credit are examples. Fixed asset accounting is no exception. Fixed assets are used frequently in financial analysis ...

The question of how to account for digital assets has emerged as a challenging one for accountants as use of these assets becomes increasingly common. Although accounting for exchange-traded digital ...

A balance sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholder's equity. A balance sheet is a type of financial statement. It gives you an ...

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

Discover what accounting changes are, how they affect financial statements, and why full disclosure is essential for ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Learn what basis value is, how to calculate it, and see examples to understand its role in reducing tax burdens on fixed ...