Discover how general ledgers and general journals work together in double-entry bookkeeping to track financial data accurately and efficiently for your business.

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 ...

FOB shipping – an acronym that stand stands for free on board – designates that the seller agreed to pay at least a portion of distribution costs to make shipping easier for a buyer. Suppliers pay ...