This eight-step repeatable guide is a basic checklist of what to do during each accounting period. All phases are covered, from identifying and recording transactions to checking for discrepancies ...

Reviewed by Andy Smith Fact checked by Vikki Velasquez Financial Accounting: An Overview Financial accounting is the process ...

Business taxes may be filed using a calendar year or a fiscal year. A tax year is an annual accounting period for paying or withholding taxes, keeping records, and reporting income and expenses.

Reviewed by David Kindness Fact checked by Suzanne Kvilhaug Accounting vs. Economics: An Overview Accounting is a profession that records, analyzes, and reports income and expenses for individuals and ...