Accrual basis accounting requires your business to record revenue in the reporting period in which you earn rather than receive the revenue. Businesses that receive advance payments -- such as annual ...

Balance-sheet balances carry over from one period to the next. So the ending cash balance from last year will become the beginning cash balance this year. Throughout the year, transactions will ...

Many accountants have made the investment in a write-up package. With this investment already made, they often use the write-up software even when it may not be the best tool for the task.Many ...

At the end of each reporting period, accountants and bookkeepers verify the records of a business' transactions -- its debits and credits -- for that period. Once this is complete, this ledger is ...

Once discovery is complete, counsel typically has a clearer picture of the complexities and issues in a case. Counsel should review and revise the trial budget to account for any unexpected issues ...