Bookkeeping can be daunting. There are various tasks to juggle, and getting it wrong could have serious implications. Fortunately, established processes exist to help businesses and entrepreneurs ...

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

allowing costs to be recognized over multiple accounting periods rather than immediately expensed. It also refers to a company's capital structure—the mix of debt and equity used to fund operations.

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 ...