Explore the differences between current and capital accounts and how they affect a nation's net income and asset-liability balance.

Learn how to reconcile your business’s bank account by comparing your recorded transactions to the bank statements. Then, you ...

Discover the rules and regulations surrounding prohibited transactions in retirement accounts and learn how to prevent and handle them to avoid penalties.

Brex reports T-accounts as essential visual tools in accounting that clarify how transactions impact debits and credits, ...

Discover how escrow accounts reduce risk and ensure smoother closings in business deals across industries – including manufacturing, logistics, and distribution. When it comes to selling or acquiring ...

According to Visa’s official documentation, Account Funding Transactions (AFTs) is a transaction type used to withdraw funds from a Visa or Mastercard account for the purpose of funding another ...

QuickBooks accounting software takes much of the mystery out of managing your company's financial data. Many tasks that traditionally required the use of a full-time accountant take less time since ...

For those of you who have followed my work, this is a change I decided to make for several reasons. The articles require quite a bit of manual work to update spreadsheets and track dividends coming ...

Brex reports that a business bank account provides legal protection, credibility, simplifies bookkeeping, aids tax prep, and enhances security.

If you have found any discrepancies in your statement, it's important to record these fraudulent statements. This could be anything from withdrawals you may have missed, transactions that haven’t ...