Tax season catches the general public’s eye, and the future of auditing is very much a high-profile issue these days, but the third pillar of traditional accounting practices, bookkeeping, is facing ...

The story of the birth of accounting begins with numbers. In the 1400s, much of Europe was still using Roman numerals, and finding it really hard to easily add or ...

This article is for educational purposes and does not constitute financial or legal advice. For specific advice applicable to your business, please contact a professional. Accounting and bookkeeping ...

While bookkeeping and accounting are both essential business functions, there is an important distinction. Bookkeeping is responsible for the recording of financial transactions. Accounting is ...

Bookkeeping is the recording of financial transactions. The purpose of bookkeeping is to create a record of financial transactions that can be summarized for various uses. Bookkeeping systems range ...

Discover how double-entry bookkeeping maintains financial balance through debits and credits in a general ledger. Understand ...

Greg DePersio has 13+ years of professional experience in sales and SEO and 3+ years as a writer and editor. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...