Businesses can record expenses and payables by using either the cash or accrual method of accounting. The Internal Revenue Code specifies the method a public corporation must use under certain ...

Regular accounting is easy, but what about donations? It's important to understand how to record a donation, also known as a charitable contribution, in the company books. Companies must also ...

The following general ledger/commitment items are used to record expenses as category 2 and 3 of the Statement of Financial Activity (SoFA) report. The categories are outlined alphabetically. Each ...

When retailers started asking Ashley Nickelsen, founder and CEO of B.T.R. NATION if they could carry her sugar-free protein bars, she realized she needed more cash on hand to make them. “The world of ...

After starting three small businesses, I've learned firsthand the headaches that accounting causes for most small business owners. It’s one of those back-office tasks that never cross your mind when ...

Macy’s delayed its quarterly results after the company discovered that an employee had hidden up to $154 million in corporate delivery expenses over several years, prompting an investigation. The ...

The Financial Accounting Standards Board voted to set first-ever requirements on how companies account for environmental credits such as renewable-energy certificates and carbon offsets, while dialing ...

DETROIT (WWJ) - The next big scandal to hit Detroit city government could involve the municipal parking department. WWJ Newsradio has learned that Detroit's inspector general has just wrapped up an ...