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 ...

Under the accrual basis of accounting, you must record revenues and expenses in the accounting period in which they were earned or incurred, regardless of when payment occurs. An adjusting entry is a ...

At the end of an accounting period, a company typically needs to post some adjusting journal entries to ensure their accounting records conform with generally accepted accounting principles. Adjusting ...