Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

Financial accounting is a multi-step process for companies following double-entry methods. The first and most important step begins with a journal entry: the recording of financial information related ...

According to Survey of Accounting, accounting uses a double-entry system, which is shown as a T. The left side of the T has debits and the right side has credits. Journals use the double-entry ...

The process of bank reconciliation is vital to ensure financial records are correct. You don't want any discrepancies between the bank's figures and yours. According to Principles of Accounting, bank ...