Discover how accruals affect company finances, with insights into the accrual accounting method, its applications, and examples illustrating its principles.

Journal entries are used in accrual accounting to record payroll expenses that have been incurred, at the time the expense becomes payable. Unlike cash accounting, which records payments when they are ...

If your small business is growing at a healthy rate and profits are rolling in, it may be time to declare a dividend and provide shareholders with either cash dividends or additional stock. Regular ...

Financial accounting is a multi-step process for companies following double-entry methods. The first and most important step begins with a journal entry: the recording of financial information related ...