To a seasoned professional in the business industry, many concepts seem very simple. However, things like general ledgers and accounting can seem daunting to a new business owner. Chief Financial ...

Your company's cash flow is a basic measure of its financial health. While your business may have cash coming into and out of many accounts, your general ledger is the place where you assemble all ...

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 ...

Using the ledger-to-ledger transaction accounting method keeps track of your business activities. Each transaction is analyzed and recorded in the appropriate ledger. With the exception of the general ...

Financial accounting is a specific type of accounting that uses standardized processes and guidelines for businesses to record their financial transactions and prepare financial statements for ...

The general ledger is a vast historical data archive of your company’s financial activities, including revenue, expenses, adjustments, account balances, and often much more. The detailed transactions ...