Revenue accounts, as part of a ledger system, include sales revenue, services revenue, interest revenue and rent. For a beauty salon, all four of these broad revenue accounts in the ledger can be used ...

Reconciling your bank transactions to your business book is essential to the financial health of your company. However, if you’ve never reconciled your company’s transactions before, the process can ...

Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more.

One of the tools that can be used to assess the performance of your business or organization is a balance sheet. A balance sheet, which should be a part of the financial model in your business plan, ...

Monetary liabilities are balances your business owes for certain accounts established by your business operations or the legal structure of your company. In most cases, a monetary liability is a fixed ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

What Is the Difference between Accounts Receivable and Accounts Payable? Your email has been sent Accounts payable and receivable are required to ensure your cash flow and spending are appropriately ...

Opinions expressed by Entrepreneur contributors are their own. One of the tools that can be used to assess the performance of your business or organization is a balance sheet. A balance sheet, which ...