Successful businesses must stay on top of their accounting. Learn how to use payroll journal entries to track wages and other ...

If your business extends credit to its customers, charging and collecting interest is well within your right. Most businesses with account receivables don't charge interest unless payment is really ...

The debit to Accounts Receivable indicates that customers owe Mendel Company $1,500. The credit to Sales Revenue recognizes ...

Businesses have two options when accounting for inventory -- perpetual and periodic. In a perpetual inventory system, inventory is updated after each sale and purchase transaction through a series of ...

Auditors can use Benford’s Law to identify general ledger irregularities — both those that can indicate fraud and those that do not. In this article, I introduce audit data analytics techniques that ...