Bookkeeping can be daunting. There are various tasks to juggle, and getting it wrong could have serious implications. Fortunately, established processes exist to help businesses and entrepreneurs ...

Beginning with a consideration of accounting as an information system, you will explore the structure of the double-entry bookkeeping system, the periodic measurement of profit by businesses, and the ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Getty Images / AndreyPopov ...

Properly recording AP involves understanding double-entry bookkeeping and the associated credit and debit entries. Managing AP well can improve cash flow and keep up good vendor relationships.

Subtracting liabilities from assets shows the net worth of the business A basic tenet of double-entry bookkeeping is that total assets (what a business owns) must equal liabilities plus equity ...