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

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. If you’re a business owner extending ...

The closing of revenue and expense accounts are the first two steps in a company's monthly close process. "Closing" these accounts means that the balance is reset to zero and recordkeeping can begin ...

The whole rationale of the expense-account society—aside from the benefits reaped by free-spenders of the company’s money—is that the uninhibited use of high-priced food, liquor and gifts helps ...

Here are some tips to help you understand how an escrow account works, what your escrow analysis means and how to be better ...