GlobalMoneynews

Also commonly referred to as a general ledger, it is the repository of all of your financial transactions. The credit and debit transactions in a ledger are segregated into different accounts for different business uses. Simply put an account is a ‘bucket’ of value–or the balances a company needs to track. For instance, a business … Read more

Now, the accountant of this company issues financial statements each fiscal quarter and wants to calculate the interest rate for the last three months. It is simply a reclassification that happens as the financial statements are being prepared (often on the worksheet). Since Unearned Revenues is a balance sheet account, its balance at the end … Read more

There’s a lot to track, including payroll, invoices, taxes, expenses, and cash inflow. Many business leaders don‘t realize that company culture begins when a company is still new. They sometimes forget to care for the employees who are creating that culture. So, once you have a strong team of people, make sure that you’re providing … Read more