Accounting 101

Fundamentals of Accounting Accounting is the procedure of data entry, recording, summarizing, analyzing, and then reporting the data related to financial tra

There are three basic types of financial statements viz. balance sheet, income statement, and cash flow statement. Some consider the statement of stockholders equity also. In the true sense, explanatory footnotes should also be called as financial statements. Let's understand each form of financial statement in brief.

Golden Rules of Accounting

Every business needs to have a list of chart accounts. With that, if you still don't have one, here are some examples you can take into consideration in terms of your business accounting! #chartsofaccounts #accounts #business

Bookkeeping guides, tips and templates helping you start business bookkeeping the right way. Get the best software choices for you, learn how to read basic financial reports, know the tax-deductible expenses, understand double-entry accounting, get printable forms and more.

Summary of the accounting cycle financial accounting the process of identifying, recording, summarizing analyzing an financial transactions and reporting them

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The chart of accounts is a list of every account in the general ledger of an accounting system and is used to record transactions in the fiscal year.

What is Debit and Credit - An Easy to Understand Explanation

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Accounting Principles are the rules and benchmarks in accounting field, a company should follow. Lets understand each in this article.