Expense accounts are an integral part of the double-entry system of accounting and are used to record various costs businesses incur. The way expense accounts work is relatively simple, but to use ...

Discover when businesses must use accrual accounting and how it differs from cash accounting. Learn why it's essential for ...

Discover how accounts payable function as short-term liabilities, not expenses, and learn how they impact a company's ...

Expenses are an unavoidable cost of doing -- and staying in -- business. When a business incurs an expense, there are two accounting methods it may use to record the expense to its books -- the cash ...

Expense accounts, also called expense allowances, are plans under which companies reimburse employees for business-related expenses. These expenses include travel, entertainment, gifts, and other ...

Everyone hates expense reports. For one thing, regardless of how an individual tracks their expenses, there’s no “standard” way to report them. If their organization reimburses them, it probably has ...

An expense account sounds simple enough, but it actually means two different things in business. First, it's the process that lets employees pay for work expenses and get reimbursed by their company.

Maintaining a general ledger helps you gauge a business's financial health and avoid accounting mistakes. Learn what a ...

Fortunately, an expense tracker can remove much of the hassle. These app-based and online tools help businesses organise receipts, keep tabs on employee spending, handle reimbursement and even ...

Minor small business accounting errors can have a significant effect on your business's finances. Learn the most common ...