As a business owner, you likely borrow money to help fund your startup. And when you need a business loan, lenders typically charge you interest. So, what is interest?
Read More What Is Interest?
General Ledger Articles
General Ledger - Tips, Training, and News
Modified Cash-basis Accounting: How Does it Differ From Other Accounting Methods?
August 18, 2026As a small business owner, you need to track your income and expenses. And to organize your business finances, you must select an accounting method. One method you can choose is modified cash-basis accounting, or hybrid accounting. Learn the ins and outs of the modified method, how it differs from other accounting methods, and its […]
Read More Modified Cash-basis Accounting: How Does it Differ From Other Accounting Methods?
How’s Your Small Business General Ledger Lookin’?
August 18, 2026Your business’s general ledger plays a significant role in forecasting the financial health of your company. But if you’re slacking on your general ledger entries, your business could suffer the consequences.
Read More How’s Your Small Business General Ledger Lookin’?
Intro to Double-entry Accounting: Your Pain-free Guide
August 17, 2026Recording transactions and keeping financial records are an essential part of owning a business. One way you can keep track of your finances is by using double-entry accounting. Read on to learn what is double-entry accounting and how it can benefit your books.
Read More Intro to Double-entry Accounting: Your Pain-free Guide
Debits and Credits 101: Definitions & Example
August 17, 2026In accounting, there’s one thing you can’t ignore: how debits and credits work. To keep accurate books, learn and understand the difference between credit vs. debit.
Read More Debits and Credits 101: Definitions & Example
What Is a Chart of Accounts?
August 17, 2026You know what they say, “For every minute spent organizing, an hour is earned.” And when it comes to accounting, taking time to get organized can save you a number of hours later … not to mention, money. That’s why you need your trusted organizational accounting tool, aka your chart of accounts (COA). What is […]
Read More What Is a Chart of Accounts?
What Is Bookkeeping? The Truth Is in the Numbers
August 17, 2026Whenever you make a sale or purchase, the amount of money your business has will change. Keeping track of your business’s financial transactions is key to your business’s future. Luckily, those sales and purchases create documents such as invoices and receipts. Bookkeeping tracks your finances through the documentation that your business creates on a day-to-day […]
Read More What Is Bookkeeping? The Truth Is in the Numbers
Bank Statement Reconciliation: Let’s Get Reconciling
August 17, 2026Your books say one thing, but your bank statement says another. Sigh (why isn’t anything ever easy?!). But don’t stress. Bank statement reconciliation is here to help.
Read More Bank Statement Reconciliation: Let’s Get Reconciling
Assets Definition, Types of Assets, and More
August 17, 2026Over time, your small business gains assets when you purchase items that bring value to your company. These assets are an essential part of your business that can help generate revenue and increase your business’s value. So, what are assets?
Read More Assets Definition, Types of Assets, and More
What Is Owner’s Equity?
August 17, 2026If you are a sole proprietor or partner, you or you and your partners are entitled to everything in your business. You don’t provide dividends to shareholders. You have full ownership of your business. However, you still have liabilities that you need to handle. Failing to consider your liabilities will give you a false picture […]
Read More What Is Owner’s Equity?