Small business accounting: 10 terms you need to know Master accounting language that can help you confidently manage your small business finances. Updated Fri, Jun 27 2025 ...

While many accounting terms apply, regardless of the type of business you run, some terms are specific to the merchandising industry. Take the time to understand the terms and what they mean, ...

Understanding payment terms is essential for small businesses to ensure timely payments and maintain healthy cash flow. By setting clear expectations with customers, businesses can improve their ...

Accounting managers spend most of their time communicating with direct reports, controllers, finance directors and colleagues from other departments who may be less familiar with accounting terms.

To better advise their clients, in-house counsel should understand key accounting principles and steps in the accounting cycle, including journal entries, the general ledger, trial balances ...

If you’re a business owner, understanding the differences between bookkeeping and accounting can be confusing. While you may have heard other people use these terms interchangeably, bookkeeping ...

While the basics of accounting haven’t changed in over 500 years, the practice of bookkeeping has. Bookkeeping was once done manually using actual books called journals and ledgers.

How a Common Accounting Rule Leads to More Layoffs and Less Job Training Because employees don’t have value in accounting terms, they can’t be considered assets. They can only be costs.