When a corporation can't collect on a delinquent customer receivable, the customer account is written off, or removed, from the corporation's accounts receivable ...

Accounting for your small business must be very clear. In the event of a audit, an auditor needs to be able to follow transactions clearly to understand them. This is ...

Bookkeeping can be daunting. There are various tasks to juggle, and getting it wrong could have serious implications. Fortunately, established processes exist to help businesses and entrepreneurs ...

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 ...

The first treatise on double-entry bookkeeping came from the mind and pen of Luca Pacioli. If you've ever wondered why there is a system of accounting software named after a Renaissance era ...