Tag Archives: financial statements

Running a business or learning accounting and feeling overwhelmed by all the “numbers talk”? Don’t worry — we’ve got your back! Whether you’re a total beginner or halfway through your accounting course but still confused, this guide will break down the Accounting Cycle in a way that finally makes sense. …

In the world of finance, discounts are a common occurrence. But have you ever wondered what “discounts allowed” mean and how they’re handled in bookkeeping? This article will explain everything you need to know, including why they’re issued and how to record them in the 3 column Cash Book. What …