Using the ledger-to-ledger transaction accounting method keeps track of your business activities. Each transaction is analyzed and recorded in the appropriate ledger. With the exception of the general ...

We all look for discounts and sales, but the term "sales discounts" has a special meaning in accounting, and they impact the bottom line of the revenue figures for your business. When a customer takes ...

The accounting cycle tracks a transaction until it's added to your company's financial statement. Follow this eight-step ...

How Ledgers and Journals Are Used in Accounting Get an overview of these fundamental bookkeeping tools. Ledgers and journals are the foundational tools used in the bookkeeping process. A ledger is a ...