Accounting Today

JULY 30, 2025

Michael Cohn Editor-in-chief, AccountingToday.com twitter mailto linkedin For reprint and licensing requests for this article, click here.

Corporation Tax

Accounting Today

JULY 30, 2025

Michael Cohn Editor-in-chief, AccountingToday.com twitter mailto linkedin For reprint and licensing requests for this article, click here. For small businesses, theres a lot of stuff in there, mostly bullish, mostly positive, but it will be interesting to see as the guidance comes out."

Corporation Tax

Accounting Tools

JULY 24, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What are the Basics of Financial Accounting? This article gives an overview of financial accounting basics for the non-accountant. Its orientation is toward recording financial information about a business.

Financial Accounting

Accounting Tools

DECEMBER 19, 2023

The general ledger consists of a number of accounts , each of which stores information about a particular type of transaction, such as product sales , depreciation expense , accounts receivable , debt , and so on. In short, accountancy involves each of the preceding tasks - recordation, classification, and reporting.

General Ledger

Accounting Tools

NOVEMBER 1, 2023

Here are several examples of the types of transactions in which an accountant may become involved: Issuing an invoice to a customer , which involves recording a sale and account receivable. Receiving an invoice from a supplier , which involves recording an expense or asset and an account payable.

General Ledger

Accounting Tools

FEBRUARY 11, 2024

Related Articles Accounting Journal Entries Basic Accounting Concepts Debit and Credit Rules Financial Accounting Basics How to Write an Accounting Journal Entry The Steps in the Accounting Process A single entry system is only designed to produce an income statement.

Accounts Payable

Accounting Tools

OCTOBER 11, 2023

This means setting up accounts in which financial information is stored. Accounts fall into the following classifications: Assets. Examples are accounts receivable and inventory. Examples are accounts payable and loans payable. These are items purchased or acquired, but not immediately consumed. Liabilities.

Accounting