In the past, the general ledger was literally a ledger—a large book where financial data was recorded by hand. Of course, it’s still possible to do your bookkeeping with a paper ledger. But since bookkeeping …

Retirement planning is an essential part of financial planning. Everyone wants to retire comfortably and have enough money to enjoy life after years of hard work. Property investment is a great way to provide a …

While these products can be convenient, they also leave room for error. Once we had several properties under our belts (and multiple other streams of income), we switched over to Quickbooks. It has been great …

An example of the accrual of revenues is a bond investment’s interest that is earned in December but the money will not be received until a later accounting period. This interest should be recorded as …