An important part of the monthly closing cycle for your small business's general ledger is reviewing the trial balance and posting adjusting entries to recognize accruals, prepaid expenses and correct ...

Understand adjusting entries for accounting purposes, how they are made and what they impact. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

Companies will often buy a large amount of certain supplies to take advantage of cost reductions when buying in volume. These types of purchases might be anything that is regularly used in the company ...