Learn about footings in accounting: how they function in balance sheets, their importance in finalizing balances, and a ...

Managing your business effectively means understanding the overall function of your general ledger and financial reporting. If you sell products, your profit margins are a key factor in determining ...

In accounting, every financial transaction is recorded by two entries on the company's books. These two transactions are called a "debit" and a "credit," and together, they form the foundation of ...

When you use Microsoft Excel to analyze your company's data, you want to spot trends, successes and problems at a glance. Before you dive into an in-depth examination of specific sales results, ...

General ledger records each transaction both as a debit and a credit, ensuring balance. Understanding the general ledger aids in interpreting financial statements like balance sheets. Investors can ...