Tag Archives: Accounting Cycle

The Accounting Cycle is a topic that varies according to the level of accounting that you are studying or doing for a business. If you research Accounting Cycle, you would be bombarded with versions that might make your head spin. This article focusses on basic accounting for small business owners …

Basic accounting can be a daunting task for many students, so using a FREE accounting poster is very helpful to make the learning process easier. In the Accounting Cycle, there are many steps, some of which are the responsibilities of a bookkeeper and some are done by the accountant. When …

Accruals are monies owed either by the business or to the business. This happens when the business does not pay cash for expenses incurred within the accounting period or when cash is not received for income earned within the accounting period. The accrual/matching concept is the principle that states expenses …