Accrual basis accounting is typically the preferred method, but cash basis accounting may work for very small businesses. Many, or all, of the products featured on this page are from our advertising ...

Discover what accounting changes are, how they affect financial statements, and why full disclosure is essential for ...

Discover the hidden details in financial footnotes essential for interpreting income statements, balance sheets, and cash ...

Businesses in the Unites States do their accounting under one of two methods: cash and accrual. The difference lies largely in when a business recognizes the revenue it earns and expenses it incurs.

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

Restaurant accounting has specific needs and features. Here's a look at restaurant accounting methods and expenses, how tips ...

Brette Sember is a retired attorney who has been writing and editing law and legal topics for more than 25 years. She is the author of more than 40 books, is a nationally recognized expert on divorce ...

Section 446(e) requires a taxpayer to obtain IRS consent prior to changing its accounting method. A change in method of accounting may include either a change in an overall plan of accounting for ...

View post: Macy's is selling a $90 quilt set for $27 that comes with a matching tote bag If you are an entrepreneur or small business owner, it is a good idea to familiarize yourself with both the ...