The accounting process is over 500 years old. Modern accounting differs very little from that begun by Luca Bartolomeo de Pacioli, mathematician and father of modern accounting, in the 1400s. The ...

The accounting cycle tracks a transaction until it’s added to your company’s financial statement. Follow this eight-step ...

There are dozens of excellent open source accounting software options for everything from simple basic ledger bookkeeping to invoicing, inventory tracking, point of sale, payroll, taxes, and reporting ...

How Ledgers and Journals Are Used in Accounting Get an overview of these fundamental bookkeeping tools. Ledgers and journals are the foundational tools used in the bookkeeping process. A ledger is a ...

The general ledger plays an important role in the accounting process. Most businesses use a two-entry financial accounting system where transactions are first recorded in a general journal and later ...