The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by incorporating additional components such as revenues, expenses and withdrawals.

Accounting is vital to a business’s financial hygiene; here’s everything entrepreneurs need to know about it. Many, or all, of the products featured on this page are from our advertising partners who ...

Finances and accounting don't come easy to everyone. Unfortunately, every entrepreneur needs some financial literacy if you're going to run your ventures responsibly. You need to understand your ...

This article is the fourth in a series of pieces centered around what is and isn’t necessary for a company’s accounting (and finance) based on its stage. I see few companies get the necessary finance ...

Learn about gross, operating, and net profit margins, how each is calculated, and how businesses and investors can use them ...

If you run a small business, you may not know much about the Generally Accepted Accounting Principles (GAAP). After all, GAAP standards apply mainly to publicly traded companies, so these rules don’t ...

Learn about accounting interpretations, why they matter, and how they clarify standards, prevent errors, and provide consistency in financial reporting.

The Great Accountant Shortage, a 17% decrease in employed accountants and auditors since 2019, may soon disappear as end-to-end accounting processes are automated and, down the line, aligned with ...