Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

Financial accounting is a multi-step process for companies following double-entry methods. The first and most important step begins with a journal entry: the recording of financial information related ...

As a small business owner, when you make a financial transaction, you record it as an entry in the company's accounting journal. An accrued expense is one that the company has been incurring but has ...