Financial accounting is a multi-step process for companies following double-entry methods. The first and most important step begins with a journal entry: the recording of financial information related ...

Journal entries are used to change accounting information in financial systems. Following the double-entry system used in modern accounting, these entries always affect at least two accounts -- one ...

Peachtree software is a mainstream system used by small-business owners to perform simple accounting tasks. A journal entry must be made each time your business earns income, incurs expenses, acquires ...

The Public Company Accounting Oversight Board released a staff publication highlighting problems it's seeing with audits of journal entries. The publication, Audit Focus: Journal Entries, noted that ...

Auditors know that journal-entry testing is one of many procedures they can use in addressing client data completeness and, hence, audit risk (see AU-C Section 240, Consideration of Fraud in a ...

Tracking your company’s spending is essential for maintaining accurate financial records. One financial accounting method businesses use is the payroll journal entry. Payroll journal entries record ...

A “Download” window will open in Excel letting you know that your document is in the process of being created. Click the “Close” button once the Journal Entry template has finished downloading into ...

Small-business cloud accounting solution provider FreshBooks has released Journal Entries for QuickBooks and CSV, to make it easier for users to collaborate with their accountants. The feature lets ...

Auditors can use Benford’s Law to identify general ledger irregularities — both those that can indicate fraud and those that do not. In this article, I introduce audit data analytics techniques that ...

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 ...