An integral process of accounting, the month-end close is sometimes a challenge for organizations, often due to the high volume of work. Many companies are still using the manual status quo, which can ...

A student recently asked me how I managed tax season. I am an adjunct professor at Fairleigh Dickinson University in its Master of Accounting program and the students are eager to know how we work and ...

Cash- and accrual-based business accounting are two methods for tracking financial performance. Learn which is right for your business.

When people think of accounting, many picture individuals hunched over computers, crunching numbers and making sure companies are fiscally and financially sound. However, today’s accountants have the ...

Accounting is a foundational process for every business, no matter how big or small. Learn what accounting is, why it matters and how to make it work for you. Keeping accurate financial records is the ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. David Kindness is a Certified Public ...

Many companies use some type of system to determine the minimum value of produced products. Process costing is an allocation system companies use to allocate cost for homogeneous items produced by a ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Not all forms of accounting are the same. Some focus on costs, others on audits and some focus on taxes. While having a solid handle on your business’s finances is essential, how you track business ...