Accounting 101 Basics of Long Term Liability. Liabilities includes all credit accounts on which your business owes principal and interest. These debts typically result from the use of borrowed ...

Accounting Basics: Types of Expense Accounts. Keeping accurate accounting records is an important part of running a successful small business. In addition to protecting your business in case of an ...

To better advise their clients, in-house counsel should understand key accounting principles and steps in the accounting cycle, including journal entries, the general ledger, trial balances ...

When a contractor has decided it’s time to make the transition from standard accounting methods and tools to construction-specific accounting methods and tools, it’s best to begin by reviewing the ...