Inventory includes the raw materials used by manufacturers in production or the resale goods distributors and retailers acquire to sell to their customers. Proper accounting of inventory is important ...

There are two primary inventory accounting systems: periodic and perpetual. With a perpetual system, sales are recorded as they occur and the inventory balance is updated continuously. Have you ...

From monthly profit-and-loss statements to annual reports, accounting is just basic business hygiene, right? Wrong. Read on to see how your business can use financial information as a strategic tool ...

Accounting provides a means for recording and conveying economic data for compliance and decision-making purposes according to AccountingVerse. The three components of accounting systems are ...

For many years, we used the description “entry-level accounting” to detail the vendor offerings in our comparison guide. These days, while we tend to use the description “basic” rather than ...

Simply Accounting Basic 2005 is without a doubt the best bargain for small businesses that need bookkeeping tools. It has some flaws and omissions, but it offers more tools for less money than any ...