Like it or not, managing your accounting books is all part of being a business owner. And if you’re like the majority of entrepreneurs, you probably worry about making accounting mistakes that can ...

Learn about the methods of calculating and tracking inventory that are used in retail accounting.

Small businesses keep revenue, expense and income summary reports, often referred to collectively as the books, to know exactly how much money is going in and out of the business. At the end of each ...

Accountants spend a lot of time learning their craft and keeping current. What many do not do as well is keep up with practice management. An easy way is to read some of the many books on that topic.

No one can ever know everything they need to know about any topic. I find that most business people do not take advantage of the experiences of others to better themselves and their businesses.

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Accurate bookkeeping is a necessity for any business.

A cash book, or petty cash log, is a ledger for keeping track of small cash purchases. Some small businesses such as restaurants find cash books especially useful because these companies tend to need ...

10-Step Guide to Closing Your Books at the End of the Year Your email has been sent This step-by-step guide will provide you with the necessary information and procedures to effectively close your ...