Assets = Liabilities + Owner's Equity is the principal equation for accounting. Many business owners understand the importance of the words, but not what they mean. Throw in debits, credits, ledgers ...

Money rules the world. From Fortune 500 companies to the dollar bills in your wallet, money is what makes the world go round. Although many people lack a basic understanding of money. That’s why we ...

Adjusted Net Worth Calculation for a Business. Calculating net worth provides you with a snapshot of your business finances as they stand for the current fiscal year or quarter. This is done in a ...

This article was paid for by Intuit QuickBooks. Running a small business can be exciting and rewarding. But it also comes with a long list of tasks that have little to do with why you opened your ...

Brette Sember is a retired attorney who has been writing and editing law and legal topics for more than 25 years. She is the author of more than 40 books, is a nationally recognized expert on divorce ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. The three main types of accounting for businesses are ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Accounting is the process of keeping track of all financial ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Accounting and bookkeeping are both critical aspects ...

Melissa Horton is a financial literacy professional. She has 10+ years of experience in the financial services and planning industry. Somer G. Anderson is CPA, doctor of accounting, and an accounting ...