Learn the essential components and how-to of an accounting manual, a vital resource containing your business's accounting policies, procedures, and guidelines.

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

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

The Financial Accounting Standards Board published an accounting standards update with the goal of improving the navigability of the required interim reporting disclosures while clarifying when that ...

The following general ledger/commitment items are used to record revenue as category 2 and 3 of the Statement of Financial Activity (SoFA) report. The categories are outlined alphabetically. Each ...

Two new FASB concept statements address financial statement elements and factors FASB should consider in developing accounting guidance. Investors want more disaggregated information. Financial ...

In today’s fast-paced business environment, efficient and accurate financial reporting is crucial for making informed decisions. Manually consolidating and transforming financial data from multiple ...

Amid economic uncertainty, manual month-end reconciliations are top of mind for many business leaders right now. After all, the reconciliation activity is a crucial part of business and serves as the ...

As your company grows, so do its financial requirements. In my time as COO of a financial services firm, I've seen the mishaps that can happen when a company relies only on traditional accounting ...

FASB extended the period of time preparers can use the reference rate reform relief guidance by two years, to 2024. Regulators encourage accounting professionals to continue to tell their clients’ ...