If you are making your own financial statements for a small business, it can be hard to determine where you need to report accounts. Inventory is a balance sheet account and it is an asset. It is an ...

Businesses can choose from a variety of methods to account for inventory. Each method affects the cost of goods sold, or COGS, and the cost of ending inventory. One of the methods is called "last in, ...

Accounting practices in the U.S. have improved over the years, but there are still plenty of ways that companies can manipulate their financial results. And not just in the usual ways--the balance ...

Opinions expressed by Entrepreneur contributors are their own. One of the tools that can be used to assess the performance of your business or organization is a balance sheet. A balance sheet, which ...

If you’ve ever looked at a balance sheet and immediately wanted to slam your laptop shut, you’re not alone. Most business owners don’t come from accounting backgrounds, and the sheer volume of numbers ...

John Augustine: Since this past summer, one of our top recommendations to clients of the Huntington Private Bank has been the importance of having a personal balance sheet. What’s a personal balance ...

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. The balance sheet, income statement, and cash flow ...