Accounting & Finance
Glossary

This post covers everything you need to know about the month-end close process, from the basics to best practices for a smooth close (plus a free checklist).

Straight-line depreciation is a financial accounting method that evenly spreads the cost of an asset over time. Learn how it works, the benefits, and more.

Delve into the world of real estate depreciation with this comprehensive guide. Learn why it matters and how it can transform your financial practices.

This technical article will delve into the depths of asset useful life, covering its definition, significance, and functionality.

Intangible assets are assets that lack a tangible presence but hold significant value for businesses. Learn the benefits, how they work, and more.

Discover the ins and outs of asset classes, unraveling the intricacies, significance, and role in streamlining accounting processes.

Discover the benefits and drawbacks of double declining balance method, a depreciation technique that accelerates asset cost allocation.

Discover equipment depreciation's role in finance. Learn its importance, calculation, and impact on accounting software...

Master the art of rental property depreciation. Get the lowdown on the complexities, tax benefits, and alternatives for managing property investments…

Equipment finance is a financial arrangement that helps businesses acquire necessary equipment without paying the full cost upfront. Learn the basics.

Explore leasehold improvement depreciation: impact on taxes, financials, and future trends in accounting software.

Leasehold improvements encompass modifications, enhancements, or alterations made to a leased space by the tenant or lessee. Learn how they work and more.

Understand the fundamentals of debits and credits in accounting. Learn how these essential concepts form the foundation of double-entry bookkeeping.

Discover the process of order-to-cash, a fundamental business cycle encompassing order processing, inventory management, invoicing, and payment collection.

Depreciation journal entries, a cornerstone of accounting, empower businesses to accurately spread the cost of assets over their lifespan. Learn the basics.

Gain valuable financial insights, streamline collections, and forecast cash flow for your business. Learn how to leverage accounts receivable aging reports.

Take charge of your finances, stay one step ahead, unlock the magic of budgeting and foresight. Secure a worry-free future while paving the way for prosperity.

Temporary accounts, also known as nominal accounts, refer to accounts closed at the end of each accounting period. Learn the basics and best practices.

Learn how adjusting entries guarantee accurate financial statements, streamline processes, and pave the way for automation with our comprehensive guide.

Discover the power of accounts receivable journal entry. Delve into the intricacies of this essential procedure, its benefits, downsides, and alternatives…

Discover the importance of Intercompany Accounting in streamlining financial operations. Learn what Intercompany Accounting is, how it works, and…

Financial reconciliation refers to the process of comparing and matching financial records to ensure consistency and accuracy. Learn the basics and more.

Learn the basics of intercompany transactions in business operations. Discover how these transactions streamline financial reporting within corporate groups.

Delve into the intricacies of bad debt expense, its importance in financial accounting, and how it can impact your business with this comprehensive guide.

Delve into the intricacies of cash flow forecasting, exploring its significance, benefits, and how it aids in financial decision-making.

Learn how to simplify and automate your accounts receivable processes with a focus on Days Sales Outstanding (DSO). Discover effective strategies…

Discover the importance of bank reconciliation in accounting software. Learn what bank reconciliation is, its steps, benefits, and…

Explore the benefits of modern accounting tools and techniques that will revolutionize your workflow. Dive into this journal entry now and…

Confused between lessor and lessee? Gain clarity with our comprehensive guide. Understand the roles, rights, and responsibilities of lessors and lessees in…

Discover the importance of accounts receivable in business. Learn how to optimize cash flow and maintain healthy customer relationships.

Discover the ins and outs of the lease accounting standard ASC 842. Learn how ASC 842 revolutionizes lease management, compliance, and financial reporting.

Discover the importance of financial statements in accounting software. Learn what a financial statement is, its key components, and…

Discover the importance of cash flow and its impact on financial health. Learn how cash flow works, its benefits, challenges, and alternatives. Simplify and…

Working capital represents the amount of liquid assets a company has. Discover the importance of working capital and how it influences your business.

A chart of accounts is a list of all the accounts used by a business to classify financial transactions. Learn about how it helps organize financial data.

A balance sheet provides a snapshot of a company's assets, liabilities, and equity. Learn what goes into a balance sheet and how to read one.

Remittance refers to any money transfer made from one person or organization to another. Learn the basics and how processes have become more efficient.

The general ledger serves as the central repository for an organization's financial transactions. Learn the basics and more in this comprehensive guide.

An ROU asset represents an entity's right to use a piece of property or equipment. Learn the basics, how to calculate lease liability, and more.

Fixed assets are long-term tangible assets that are not intended for sale and are crucial to a company's operation. Learn more about fixed assets.