Assets, liabilities, owner's equity, revenue and expenses -- the five main elements of accounting -- each affect a financial statement differently. How each element affects a financial statement, ...

Staying on top of a company's finances is crucial, and the larger a business grows, the more challenging it becomes to keep track of income, expenses, assets and liabilities. A good accounting system ...

Payroll accounting can be quite a challenge for the new businessowner. There are many federal and state laws regulating what youhave to track related to payroll. Failure to do so could result inheavy ...