Discover how accruals affect company finances, with insights into the accrual accounting method, its applications, and examples illustrating its principles.

Discover what applied cost means in accounting, how it works with allocation rates, and see an example to understand its role ...

Expenses are an unavoidable cost of doing -- and staying in -- business. When a business incurs an expense, there are two accounting methods it may use to record the expense to its books -- the cash ...

In a company's financial records, contra-revenues and expenses produce the same ultimate result: They both reduce net income. The difference is that expenses represent money that flows out of a ...

Even if accounting isn’t your forte, it’s important to understand accounting basics to run your business. Learn 11 tips for small business accounting.

For decades, employee expense reporting has followed a familiar path: employees submit reports, managers approve them and the accounting department performs a final review. This workflow made sense ...