Like it or not, managing your accounting books is all part of being a business owner. And if you’re like the majority of entrepreneurs, you probably worry about making accounting mistakes that can ...

This column is a review of an exciting new book, "The Definitive Success Guide to Client Accounting Services (CAS)," by Hitendra Patil. I remember calling Hitendra a few years ago about an article he ...

Accountants spend a lot of time learning their craft and keeping current. What many do not do as well is keep up with practice management. An easy way is to read some of the many books on that topic.

Small businesses keep revenue, expense and income summary reports, often referred to collectively as the books, to know exactly how much money is going in and out of the business. At the end of each ...

To help you effectively understand and manage the finances of your small business, we've tested the top accounting software based on customization, features, ease of use, value, and more. I’ve been ...

Adam Witty is an Entrepreneurs’ Organization (EO) member in Charleston, South Carolina, and founder and CEO of Advantage | ForbesBooks, the authority marketing specialists in working with business ...

A cash book, or petty cash log, is a ledger for keeping track of small cash purchases. Some small businesses such as restaurants find cash books especially useful because these companies tend to need ...

Learn about accrued expenses, their role in accrual accounting, and how they affect financial statements with examples, ...

The accounting cycle is the backbone of financial management and reporting. From recording transactions to preparing financial statements, each stage of the accounting cycle plays an important role in ...

The IRS has provided procedures (Rev. Proc. 2018-60) under which a taxpayer may obtain automatic consent to change a method of accounting to comply with Sec. 451(b), as amended by the law known as the ...